Centiva Capital LP Acquires New Holdings in Cantaloupe, Inc. $CTLP

Centiva Capital LP bought a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 151,000 shares of the technology company’s stock, valued at approximately $1,596,000. Centiva Capital LP owned about 0.20% of Cantaloupe at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Cantaloupe by 10.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock valued at $148,000 after acquiring an additional 1,268 shares during the period. DCF Advisers LLC boosted its position in shares of Cantaloupe by 6.3% during the 2nd quarter. DCF Advisers LLC now owns 33,500 shares of the technology company’s stock worth $368,000 after purchasing an additional 2,000 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Cantaloupe by 55.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after purchasing an additional 2,063 shares during the period. Tower Research Capital LLC TRC increased its holdings in Cantaloupe by 41.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock valued at $87,000 after purchasing an additional 2,315 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Cantaloupe by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 82,793 shares of the technology company’s stock valued at $875,000 after purchasing an additional 2,423 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTLP. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen raised Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.60.

Cantaloupe Trading Up 0.9%

Shares of CTLP stock opened at $10.39 on Friday. Cantaloupe, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $11.16. The company has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.61. The stock has a market capitalization of $765.95 million, a P/E ratio of 57.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.92.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%.The business had revenue of $78.71 million for the quarter, compared to analyst estimates of $84.92 million. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

About Cantaloupe

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.