ARS Investment Partners LLC Sells 3,423 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

ARS Investment Partners LLC cut its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,662 shares of the technology company’s stock after selling 3,423 shares during the period. ARS Investment Partners LLC’s holdings in Cantaloupe were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wasatch Advisors LP increased its position 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 buying an additional 271,782 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Cantaloupe by 0.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock worth $11,902,000 after purchasing an additional 7,114 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Cantaloupe by 3.5% in the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after purchasing an additional 46,518 shares during the last quarter. State Street Corp increased its position in shares of Cantaloupe by 2.4% in the third quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock worth $3,518,000 after purchasing an additional 21,938 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CTLP shares. Northland Securities upped their price objective 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. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research report on Monday, November 4th. Finally, Benchmark upped their target price on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Cantaloupe Stock Up 0.5 %

Shares of CTLP opened at $8.15 on Tuesday. The firm has a market cap of $594.87 million, a P/E ratio of 47.94 and a beta of 1.64. The stock has a 50 day simple moving average of $9.13 and a two-hundred day simple moving average of $8.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. Cantaloupe, Inc. has a 1 year low of $5.74 and a 1 year high of $10.48.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share 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.