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

Cantaloupe, Inc. (NASDAQ:CTLP) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 1,820,000 shares, a growth of 5.2% from the March 31st total of 1,730,000 shares. Based on an average daily volume of 316,400 shares, the short-interest ratio is currently 5.8 days. Currently, 2.8% of the company’s stock are sold short.

Insiders Place Their Bets

In related news, CEO Ravi Venkatesan acquired 7,749 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $6.45 per share, with a total value of $49,981.05. Following the acquisition, the chief executive officer now owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total value of $570,666.60. Following the completion of the transaction, the insider now directly owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ravi Venkatesan bought 7,749 shares of Cantaloupe stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $6.45 per share, with a total value of $49,981.05. Following the completion of the acquisition, the chief executive officer now owns 128,658 shares of the company’s stock, valued at $829,844.10. The disclosure for this purchase can be found here. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Cantaloupe

Several institutional investors have recently bought and sold shares of CTLP. Deutsche Bank AG lifted its position in shares of Cantaloupe by 14.3% during the third quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock worth $12,687,000 after acquiring an additional 254,203 shares in the last quarter. Nierenberg Investment Management Company Inc. lifted its position in shares of Cantaloupe by 8.6% during the third quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock worth $16,446,000 after acquiring an additional 209,078 shares in the last quarter. Algert Global LLC lifted its position in shares of Cantaloupe by 453.9% during the third quarter. Algert Global LLC now owns 208,140 shares of the technology company’s stock worth $1,301,000 after acquiring an additional 170,560 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Cantaloupe during the first quarter worth $1,093,000. Finally, Swiss National Bank purchased a new stake in shares of Cantaloupe during the third quarter worth $797,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CTLP. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Wednesday, February 14th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Cantaloupe has a consensus rating of “Buy” and an average price target of $9.70.

Cantaloupe Price Performance

Cantaloupe stock opened at $5.88 on Thursday. Cantaloupe has a 12 month low of $5.36 and a 12 month high of $8.28. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $6.28 and its 200 day simple moving average is $6.66. The company has a market cap of $428.06 million, a price-to-earnings ratio of 30.95 and a beta of 1.55.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. The business had revenue of $65.36 million for the quarter, compared to the consensus estimate of $66.92 million. Sell-side analysts forecast that Cantaloupe will post 0.17 EPS for the current year.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.