Cantaloupe, Inc. (NASDAQ:CTLP) Short Interest Down 5.2% in December

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Benchmark increased their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities raised their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th.

Institutional Trading of Cantaloupe

Large investors have recently modified their holdings of the company. Quarry LP bought a new position in Cantaloupe in the third quarter valued at about $26,000. Quantbot Technologies LP lifted its stake in shares of Cantaloupe by 34.0% in 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. Intech Investment Management LLC purchased a new position in shares of Cantaloupe in the third quarter worth approximately $119,000. GSA Capital Partners LLP bought a new stake in Cantaloupe during the third quarter valued at approximately $153,000. Finally, UMB Bank n.a. bought a new stake in Cantaloupe during the fourth quarter valued at approximately $153,000. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

Shares of CTLP stock opened at $8.15 on Monday. The company has a market capitalization of $594.87 million, a price-to-earnings ratio of 47.94 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe has a one year low of $5.74 and a one year high of $10.48. The company’s 50-day moving average is $9.15 and its 200 day moving average is $8.08.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The firm had revenue of $70.84 million for the quarter, compared to analysts’ expectations of $70.54 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Sell-side analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

About Cantaloupe

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.