Monotype Imaging (TYPE) Upgraded at ValuEngine

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

Other equities research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. B. Riley set a $31.00 price objective on shares of Monotype Imaging and gave the stock a “buy” rating in a research report on Thursday, September 20th. Finally, JPMorgan Chase & Co. upgraded shares of Monotype Imaging from an “underweight” rating to a “neutral” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

TYPE stock opened at $17.09 on Thursday. The firm has a market cap of $692.10 million, a PE ratio of 32.25 and a beta of 1.04. Monotype Imaging has a 52-week low of $16.45 and a 52-week high of $26.75. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.24.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings data on Friday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Monotype Imaging had a net margin of 6.02% and a return on equity of 10.00%. The company had revenue of $58.00 million during the quarter, compared to analysts’ expectations of $59.65 million. During the same period in the prior year, the company posted $0.03 earnings per share. Monotype Imaging’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, research analysts predict that Monotype Imaging will post 0.67 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of TYPE. Piedmont Investment Advisors LLC acquired a new stake in shares of Monotype Imaging during the second quarter worth $199,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Monotype Imaging during the third quarter worth $203,000. AXA acquired a new stake in Monotype Imaging in the third quarter worth $283,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Monotype Imaging in the second quarter worth $290,000. Finally, SG Americas Securities LLC grew its holdings in Monotype Imaging by 165.8% in the second quarter. SG Americas Securities LLC now owns 16,334 shares of the software maker’s stock worth $332,000 after purchasing an additional 10,189 shares during the period. 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.

See Also: Fundamental Analysis

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

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