Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Rating Increased to Hold at BidaskClub

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday, July 24th.

A number of other analysts also recently weighed in on the stock. B. Riley downgraded shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th.

Monotype Imaging Holdings (NASDAQ TYPE) opened at 18.25 on Monday. The stock has a 50 day moving average of $18.59 and a 200 day moving average of $19.71. The firm has a market cap of $723.74 million, a PE ratio of 629.31 and a beta of 0.92. Monotype Imaging Holdings has a 52 week low of $15.75 and a 52 week high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $58.70 million for the quarter, compared to the consensus estimate of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The company’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Analysts anticipate that Monotype Imaging Holdings will post $0.57 EPS for the current year.

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In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $18.90, for a total transaction of $28,350.00. Following the completion of the sale, the director now directly owns 27,640 shares of the company’s stock, valued at approximately $522,396. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 4,500 shares of company stock valued at $83,325. 2.30% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of TYPE. Pinebridge Investments L.P. boosted its position in shares of Monotype Imaging Holdings by 2.4% in the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock valued at $101,000 after buying an additional 131 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock valued at $106,000 after buying an additional 3,003 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Monotype Imaging Holdings by 85.7% in the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock valued at $127,000 after buying an additional 3,222 shares in the last quarter. UBS Group AG boosted its position in shares of Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock valued at $141,000 after buying an additional 759 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock valued at $150,000 after buying an additional 3,624 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Monotype Imaging Holdings Company Profile

Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).

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