Geode Capital Management LLC Buys 46,518 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Geode Capital Management LLC boosted its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,366,034 shares of the technology company’s stock after purchasing an additional 46,518 shares during the period. Geode Capital Management LLC owned about 1.87% of Cantaloupe worth $10,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Cantaloupe during the third quarter valued at about $26,000. Quantbot Technologies LP raised its holdings in Cantaloupe by 34.0% in the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Cantaloupe during the 3rd quarter worth approximately $119,000. GSA Capital Partners LLP bought a new stake in Cantaloupe during the 3rd quarter worth approximately $153,000. Finally, SG Americas Securities LLC acquired a new position in Cantaloupe in the 3rd quarter valued at approximately $164,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CTLP. Benchmark lifted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th. Northland Securities increased their price target on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Craig Hallum cut 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.

Cantaloupe Price Performance

CTLP stock opened at $9.51 on Thursday. 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 company’s fifty day simple moving average is $9.25 and its 200 day simple moving average is $7.90. Cantaloupe, Inc. has a 12-month low of $5.74 and a 12-month high of $10.48. The firm has a market cap of $694.10 million, a price-to-earnings ratio of 55.94 and a beta of 1.66.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The company had revenue of $70.84 million for the quarter, compared to the consensus estimate of $70.54 million. During the same period in the previous year, the business earned $0.02 EPS. On average, analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Cantaloupe 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.