Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.00.
A number of equities analysts have issued reports on TYPE shares. BidaskClub upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. JPMorgan Chase & Co. upgraded Monotype Imaging from an “underweight” rating to a “neutral” rating in a research report on Friday, November 2nd. ValuEngine downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Finally, B. Riley set a $31.00 price target on Monotype Imaging and gave the stock a “buy” rating in a research note on Tuesday, October 30th.
Shares of TYPE stock opened at $16.83 on Wednesday. The company has a market cap of $703.27 million, a price-to-earnings ratio of 31.75 and a beta of 0.99. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.24. Monotype Imaging has a 12-month low of $15.29 and a 12-month high of $26.75.
Several large investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Monotype Imaging in the fourth quarter worth approximately $37,000. Arizona State Retirement System boosted its stake in shares of Monotype Imaging by 4.7% in the fourth quarter. Arizona State Retirement System now owns 63,974 shares of the software maker’s stock worth $993,000 after acquiring an additional 2,896 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Monotype Imaging by 22.8% in the third quarter. Russell Investments Group Ltd. now owns 20,393 shares of the software maker’s stock worth $412,000 after acquiring an additional 3,788 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Monotype Imaging by 7.6% in the third quarter. Bessemer Group Inc. now owns 54,900 shares of the software maker’s stock worth $1,109,000 after acquiring an additional 3,900 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its stake in shares of Monotype Imaging by 21.7% in the third quarter. BlueMountain Capital Management LLC now owns 29,478 shares of the software maker’s stock worth $595,000 after acquiring an additional 5,266 shares during the last quarter. 89.75% of the stock is currently owned by hedge funds and other institutional investors.
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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