Cantaloupe, Inc. (NASDAQ:CTLP) Short Interest Update

Cantaloupe, Inc. (NASDAQ:CTLP) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,210,000 shares, a decrease of 5.2% from the December 31st total of 2,330,000 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 411,200 shares, the short-interest ratio is currently 5.4 days.

Institutional Investors Weigh In On Cantaloupe

A number of institutional investors and hedge funds have recently modified their holdings of CTLP. Quarry LP purchased a new position in Cantaloupe during the 3rd quarter worth $26,000. New York State Common Retirement Fund increased its holdings in Cantaloupe by 75.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares during the period. Truist Financial Corp purchased a new position in Cantaloupe during the 4th quarter worth $111,000. Quantbot Technologies LP increased its holdings in Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,975 shares during the period. Finally, UMB Bank n.a. purchased a new position in Cantaloupe during the 4th quarter worth $153,000. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CTLP. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Cantaloupe in a research note on Monday. Northland Securities raised their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Benchmark raised their price objective on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Cantaloupe Price Performance

NASDAQ:CTLP opened at $8.21 on Tuesday. The firm has a market capitalization of $599.25 million, a price-to-earnings ratio of 48.30 and a beta of 1.64. Cantaloupe has a 1 year low of $5.74 and a 1 year high of $10.48. The business has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $8.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same period last year, the company earned $0.02 EPS. Equities analysts forecast that Cantaloupe will post 0.32 EPS for the current year.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.