Olympiad Research LP Acquires Shares of 138,760 Cantaloupe, Inc. $CTLP

Olympiad Research LP bought a new position in Cantaloupe, Inc. (NASDAQ:CTLP) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 138,760 shares of the technology company’s stock, valued at approximately $1,467,000. Cantaloupe accounts for 2.0% of Olympiad Research LP’s investment portfolio, making the stock its 7th biggest position. Olympiad Research LP owned about 0.19% of Cantaloupe at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CTLP. Police & Firemen s Retirement System of New Jersey increased its position in Cantaloupe by 10.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock valued at $148,000 after acquiring an additional 1,268 shares during the last quarter. DCF Advisers LLC boosted its position in shares of Cantaloupe by 6.3% during the second quarter. DCF Advisers LLC now owns 33,500 shares of the technology company’s stock valued at $368,000 after buying an additional 2,000 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after buying an additional 2,063 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Cantaloupe by 41.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock worth $87,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Cantaloupe by 136.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after acquiring an additional 2,737 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CTLP. Weiss Ratings reissued a “hold (c)” rating on shares of Cantaloupe in a research note on Monday, December 29th. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $12.73.

Cantaloupe Trading Down 0.2%

Shares of NASDAQ:CTLP opened at $10.82 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $797.43 million, a PE ratio of 51.52 and a beta of 1.10. Cantaloupe, Inc. has a 12-month low of $7.01 and a 12-month high of $11.36. The business’s fifty day simple moving average is $10.66 and its 200-day simple moving average is $10.75.

Cantaloupe Company Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.