Principal Financial Group Inc. Takes $1.98 Million Position in Cantaloupe, Inc. $CTLP

Principal Financial Group Inc. bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 187,121 shares of the technology company’s stock, valued at approximately $1,978,000.

Several other institutional investors also recently bought and sold shares of CTLP. Jane Street Group LLC purchased a new position in shares of Cantaloupe during the 1st quarter worth $731,000. KLP Kapitalforvaltning AS lifted its position in Cantaloupe by 51.0% during the second quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the technology company’s stock worth $159,000 after buying an additional 4,900 shares during the period. AlphaQuest LLC boosted its stake in Cantaloupe by 164.5% in the 2nd quarter. AlphaQuest LLC now owns 47,851 shares of the technology company’s stock worth $526,000 after buying an additional 29,757 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Cantaloupe in the 2nd quarter worth about $1,906,000. Finally, Versor Investments LP purchased a new stake in Cantaloupe in the 2nd quarter valued at about $3,901,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTLP. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.73.

Cantaloupe Price Performance

CTLP opened at $9.97 on Wednesday. Cantaloupe, Inc. has a 52-week low of $7.01 and a 52-week high of $11.36. The company has a 50 day moving average of $10.64 and a two-hundred day moving average of $10.68. The company has a market cap of $734.99 million, a P/E ratio of 55.39 and a beta of 1.09. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The business had revenue of $78.71 million for the quarter, compared to analyst estimates of $84.92 million. On average, analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

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.