Monotype Imaging (TYPE) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Monotype Imaging (NASDAQ:TYPE) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.

Other equities analysts also recently issued research reports about the company. B. Riley set a $31.00 target price on Monotype Imaging and gave the stock a buy rating in a research note on Tuesday, October 30th. ValuEngine upgraded Monotype Imaging from a sell rating to a hold rating in a research note on Thursday, December 6th. Finally, JPMorgan Chase & Co. upgraded Monotype Imaging from an underweight rating to a neutral rating in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Monotype Imaging presently has an average rating of Hold and a consensus target price of $27.00.

Shares of NASDAQ TYPE opened at $17.20 on Tuesday. Monotype Imaging has a twelve month low of $15.29 and a twelve month high of $26.75. The company has a market capitalization of $701.61 million, a PE ratio of 32.45 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.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Monotype Imaging by 62.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,250 shares of the software maker’s stock worth $733,000 after buying an additional 18,100 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Monotype Imaging by 66.8% in the 4th quarter. Bessemer Group Inc. now owns 91,600 shares of the software maker’s stock worth $1,422,000 after buying an additional 36,700 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Monotype Imaging by 21.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 165,786 shares of the software maker’s stock worth $2,573,000 after buying an additional 29,763 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of Monotype Imaging by 41.9% in the 4th quarter. Martingale Asset Management L P now owns 214,558 shares of the software maker’s stock worth $3,331,000 after purchasing an additional 63,324 shares during the period. Finally, Trigran Investments Inc. raised its holdings in shares of Monotype Imaging by 38.0% in the 4th quarter. Trigran Investments Inc. now owns 3,664,425 shares of the software maker’s stock worth $56,871,000 after purchasing an additional 1,009,060 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About Monotype Imaging

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.

Featured Article: Is the QQQ ETF safe?

Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit