Cantaloupe, Inc. $CTLP Stake Boosted by UBS Group AG

UBS Group AG raised its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,223,564 shares of the technology company’s stock after purchasing an additional 252,094 shares during the period. UBS Group AG’s holdings in Cantaloupe were worth $12,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CTLP. State of Alaska Department of Revenue acquired a new position in shares of Cantaloupe in the 3rd quarter valued at about $32,000. Osaic Holdings Inc. lifted its holdings in Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after acquiring an additional 2,737 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Cantaloupe by 2,824.0% in the third quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,055 shares during the last quarter. US Bancorp DE boosted its stake in Cantaloupe by 142.2% in the third quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock valued at $60,000 after acquiring an additional 3,327 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after acquiring an additional 2,063 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $11.20 on Friday. The stock has a market cap of $825.66 million, a P/E ratio of 62.22 and a beta of 1.00. The firm’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $10.65. Cantaloupe, Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $11.21. The company has a quick ratio of 1.31, a current ratio of 1.83 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Wednesday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. Cantaloupe had a net margin of 1.15% and a return on equity of 4.94%. The company had revenue of $78.69 million during the quarter.

Analyst Ratings Changes

CTLP has been the topic of a number of research reports. Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen upgraded Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.60.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.