Somewhat Critical News Coverage Somewhat Unlikely to Impact Monotype Imaging (TYPE) Stock Price

News stories about Monotype Imaging (NASDAQ:TYPE) have trended somewhat negative on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monotype Imaging earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 44.792324683714 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of equities research analysts recently issued reports on the company. B. Riley increased their price objective on Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. BidaskClub downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. downgraded Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.17.

Shares of Monotype Imaging (NASDAQ TYPE) opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43. Monotype Imaging has a 12-month low of $15.75 and a 12-month high of $25.77. The stock has a market capitalization of $1,005.80, a price-to-earnings ratio of 126.84, a P/E/G ratio of 3.57 and a beta of 1.01.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. Monotype Imaging had a return on equity of 2.47% and a net margin of 0.06%. The company had revenue of $60.50 million for the quarter, compared to the consensus estimate of $59.35 million. During the same quarter last year, the business posted $0.18 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. analysts expect that Monotype Imaging will post 0.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be given a $0.113 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.83%.

In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total transaction of $201,575.00. Following the sale, the vice president now owns 92,913 shares in the company, valued at $2,322,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

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Monotype Imaging 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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