Assenagon Asset Management S.A. Invests $89,000 in Cantaloupe, Inc. (NASDAQ:CTLP)

Assenagon Asset Management S.A. acquired a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,548 shares of the technology company’s stock, valued at approximately $89,000.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Cantaloupe by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after purchasing an additional 3,197 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Cantaloupe by 11.4% during the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock valued at $222,000 after purchasing an additional 3,536 shares during the period. Jump Financial LLC lifted its position in shares of Cantaloupe by 29.9% during the fourth quarter. Jump Financial LLC now owns 46,698 shares of the technology company’s stock worth $346,000 after purchasing an additional 10,757 shares in the last quarter. ARS Investment Partners LLC boosted its stake in shares of Cantaloupe by 3.4% in the second quarter. ARS Investment Partners LLC now owns 50,059 shares of the technology company’s stock valued at $330,000 after purchasing an additional 1,650 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its stake in Cantaloupe by 53.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after buying an additional 17,479 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CTLP shares. Barrington Research restated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Tuesday, May 28th. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research report on Friday, July 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $9.75.

Cantaloupe Stock Up 2.1 %

Shares of Cantaloupe stock opened at $6.95 on Monday. The firm has a market cap of $506.03 million, a P/E ratio of 43.44 and a beta of 1.66. The business has a 50-day moving average price of $6.91 and a 200 day moving average price of $6.60. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 0.20. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $8.23.

About Cantaloupe

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.