Insider Selling: Douglas Shaw Unloads 25,000 Shares of Monotype Imaging Holdings Stock (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) CEO Douglas Shaw sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $26.55, for a total value of $663,750.00. Following the sale, the chief executive officer now directly owns 201,566 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Monotype Imaging Holdings (NASDAQ:TYPE) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 2nd. They now have a $23.70 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Monotype Imaging Holdings (NASDAQ:TYPE) in a research note to investors on Monday, July 29th. They now have a $25.00 price target on the stock, up previously from $22.00. Finally, analysts at Dougherty & Co raised their price target on shares of Monotype Imaging Holdings (NASDAQ:TYPE) from $25.00 to $28.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
Monotype Imaging Holdings (NASDAQ:TYPE) traded down 0.34% during mid-day trading on Friday, hitting $26.40. The stock had a trading volume of 95,020 shares. Monotype Imaging Holdings has a 52 week low of $13.55 and a 52 week high of $28.21. The stock’s 50-day moving average is $25.24 and its 200-day moving average is $24.01. The company has a market cap of $995.9 million and a price-to-earnings ratio of 32.34.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 26th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $41.53 million. During the same quarter last year, the company posted $0.27 earnings per share. Monotype Imaging Holdings’s revenue was up 6.8% compared to the same quarter last year.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.