Parkside Financial Bank & Trust Buys Shares of 4,984 Cantaloupe, Inc. (NASDAQ:CTLP)

Parkside Financial Bank & Trust purchased a new position in Cantaloupe, Inc. (NASDAQ:CTLP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,984 shares of the technology company’s stock, valued at approximately $47,000.

Other large investors have also made changes to their positions in the company. Wasatch Advisors LP increased its holdings in shares of Cantaloupe by 20.3% during the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after acquiring an additional 271,782 shares in the last quarter. Anderson Hoagland & Co. purchased a new stake in Cantaloupe during the 4th quarter worth approximately $1,837,000. JPMorgan Chase & Co. grew its position in Cantaloupe by 340.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after purchasing an additional 86,109 shares during the last quarter. Barclays PLC increased its stake in Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after purchasing an additional 83,316 shares in the last quarter. Finally, Stansberry Asset Management LLC raised its holdings in shares of Cantaloupe by 63.9% in the third quarter. Stansberry Asset Management LLC now owns 141,078 shares of the technology company’s stock worth $1,044,000 after buying an additional 55,009 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Northland Securities boosted their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Barrington Research boosted their price target on Cantaloupe from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Benchmark raised their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.

Cantaloupe Trading Down 1.6 %

Shares of Cantaloupe stock opened at $9.66 on Tuesday. The stock has a market cap of $705.52 million, a PE ratio of 48.30 and a beta of 1.64. The firm has a fifty day moving average price of $9.30 and a 200 day moving average price of $8.63. Cantaloupe, Inc. has a 1 year low of $5.75 and a 1 year high of $11.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter last year, the company posted $0.04 earnings per share. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current 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.