Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Receives $18.75 Consensus Target Price from Analysts

Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) have received a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.75.

TYPE has been the topic of several research analyst reports. BidaskClub downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Dougherty & Co downgraded Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th.

TYPE stock remained flat at $$19.84 on Monday. Monotype Imaging has a twelve month low of $15.29 and a twelve month high of $21.09. The firm’s 50 day moving average price is $19.79 and its two-hundred day moving average price is $18.56. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $819.70 million, a price-to-earnings ratio of 25.44, a PEG ratio of 1.30 and a beta of 1.01.

Monotype Imaging (NASDAQ:TYPE) last announced its earnings results on Friday, July 26th. The software maker reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.19. Monotype Imaging had a return on equity of 10.65% and a net margin of 10.28%. The firm had revenue of $63.24 million for the quarter, compared to the consensus estimate of $57.35 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP grew its stake in Monotype Imaging by 373.2% in the first quarter. First Trust Advisors LP now owns 80,813 shares of the software maker’s stock worth $1,607,000 after purchasing an additional 63,735 shares during the period. Falcon Point Capital LLC purchased a new stake in Monotype Imaging in the second quarter worth $372,000. Foundry Partners LLC purchased a new stake in Monotype Imaging in the second quarter worth $171,000. Bessemer Group Inc. grew its stake in Monotype Imaging by 3.7% in the second quarter. Bessemer Group Inc. now owns 130,100 shares of the software maker’s stock worth $2,191,000 after purchasing an additional 4,700 shares during the period. Finally, Confluence Investment Management LLC grew its stake in Monotype Imaging by 0.9% in the second quarter. Confluence Investment Management LLC now owns 287,528 shares of the software maker’s stock worth $4,842,000 after purchasing an additional 2,677 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.

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