Monotype Imaging (TYPE) Lifted to Hold at ValuEngine

Monotype Imaging (NASDAQ:TYPE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research analysts also recently commented on the company. B. Riley set a $31.00 price objective on Monotype Imaging and gave the company a “buy” rating in a report on Thursday, September 20th. BidaskClub downgraded Monotype Imaging from a “sell” rating to a “strong sell” rating in a report on Thursday, September 6th. Finally, JPMorgan Chase & Co. upgraded Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Shares of TYPE traded up $0.36 during mid-day trading on Thursday, reaching $17.02. The company’s stock had a trading volume of 458,155 shares, compared to its average volume of 256,679. Monotype Imaging has a 12-month low of $16.45 and a 12-month high of $26.75. The company has a market cap of $692.10 million, a P/E ratio of 32.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.62 and a current ratio of 2.62.



Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings data on Friday, November 2nd. The software maker reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Monotype Imaging had a return on equity of 10.00% and a net margin of 6.02%. The business had revenue of $58.00 million for the quarter, compared to the consensus estimate of $59.65 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, analysts predict that Monotype Imaging will post 0.67 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new position in Monotype Imaging during the 2nd quarter worth approximately $199,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Monotype Imaging during the 3rd quarter worth approximately $203,000. AXA purchased a new position in Monotype Imaging during the 3rd quarter worth approximately $283,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Monotype Imaging during the 2nd quarter worth approximately $290,000. Finally, SG Americas Securities LLC grew its stake in Monotype Imaging by 165.8% during the 2nd quarter. SG Americas Securities LLC now owns 16,334 shares of the software maker’s stock worth $332,000 after buying an additional 10,189 shares during the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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