UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 26,843 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,133 shares of the technology company’s stock after selling 26,843 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Cantaloupe worth $697,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CTLP. Charles Schwab Investment Management Inc. boosted its position in Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after buying an additional 21,938 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Cantaloupe in the second quarter valued at approximately $2,276,000. GSA Capital Partners LLP acquired a new position in shares of Cantaloupe in the 3rd quarter worth approximately $153,000. Assenagon Asset Management S.A. bought a new stake in Cantaloupe during the 2nd quarter worth approximately $89,000. Finally, Inspire Investing LLC acquired a new stake in Cantaloupe during the 3rd quarter valued at $416,000. Institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, Director Douglas Bergeron bought 36,000 shares of the stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. This trade represents a 8.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Craig Hallum reduced their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th. Benchmark raised their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Northland Securities upped their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Cantaloupe Price Performance

Shares of CTLP stock opened at $9.31 on Friday. The firm has a market cap of $679.50 million, a price-to-earnings ratio of 54.77 and a beta of 1.66. Cantaloupe, Inc. has a 12 month low of $5.74 and a 12 month high of $10.48. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $9.18 and a 200 day moving average price of $7.74.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The company had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. During the same quarter in the previous year, the company earned $0.02 EPS. Research analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Cantaloupe Company Profile

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.