Ameritas Investment Partners Inc. Acquires Shares of 4,569 Cantaloupe, Inc. (NASDAQ:CTLP)

Ameritas Investment Partners Inc. acquired a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,569 shares of the technology company’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Cantaloupe during the 2nd quarter valued at about $6,739,000. P.A.W. Capital Corp acquired a new stake in shares of Cantaloupe during the 2nd quarter valued at about $2,609,000. Ieq Capital LLC acquired a new stake in shares of Cantaloupe during the 2nd quarter valued at about $1,457,000. Swiss National Bank acquired a new stake in shares of Cantaloupe during the 2nd quarter valued at about $1,394,000. Finally, Trellus Management Company LLC acquired a new stake in shares of Cantaloupe during the 2nd quarter valued at about $1,015,000. Institutional investors and hedge funds own 72.28% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Cantaloupe from a “hold” rating to a “sell” rating in a research report on Friday, July 2nd. Barrington Research began coverage on Cantaloupe in a research report on Friday, September 3rd. They set a “buy” rating and a $15.00 target price on the stock. Lake Street Capital lifted their price objective on Cantaloupe from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, September 3rd. Finally, Northland Securities lifted their price objective on Cantaloupe from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, June 15th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $15.00.

CTLP stock opened at $9.99 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. Cantaloupe, Inc. has a 12-month low of $7.75 and a 12-month high of $12.99. The stock has a market cap of $711.87 million, a price-to-earnings ratio of -71.35 and a beta of 2.12. The business’s 50-day moving average is $10.13 and its 200 day moving average is $10.81.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Wednesday, September 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The company had revenue of $49.02 million for the quarter, compared to analysts’ expectations of $45.78 million. Cantaloupe had a negative return on equity of 6.99% and a negative net margin of 5.21%. As a group, equities analysts forecast that Cantaloupe, Inc. will post -0.1 EPS for the current fiscal year.

Cantaloupe Company Profile

Cantaloupe, Inc engages in the provision of technology-enabled solutions and value-added services that facilitate electronic payment transactions. It offers Internet of Things (“IoT“) and machine-to-machine (“M2M“) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions.

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Institutional Ownership by Quarter for Cantaloupe (NASDAQ:CTLP)

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