Gabelli Funds LLC Has $4.96 Million Stake in Cantaloupe, Inc. $CTLP

Gabelli Funds LLC raised its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 87.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 468,970 shares of the technology company’s stock after acquiring an additional 218,586 shares during the quarter. Gabelli Funds LLC’s holdings in Cantaloupe were worth $4,957,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Cantaloupe in the third quarter valued at about $32,000. Osaic Holdings Inc. increased its stake in Cantaloupe by 136.2% during the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after acquiring an additional 2,737 shares during the period. US Bancorp DE increased its stake in Cantaloupe by 142.2% during 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. BNP Paribas Financial Markets raised its holdings in Cantaloupe by 55.6% in the 2nd 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 in the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new position in Cantaloupe in the 2nd quarter valued at approximately $76,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

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

Cantaloupe Stock Up 2.1%

Shares of CTLP opened at $10.49 on Tuesday. The stock has a market cap of $773.32 million, a price-to-earnings ratio of 58.28 and a beta of 1.09. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Cantaloupe, Inc. has a 12 month low of $7.01 and a 12 month high of $11.16. The company has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $10.62.

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

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.