Monotype Imaging Holdings Stock Rating Lowered by Sidoti (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on TYPE. Analysts at Zacks upgraded shares of Monotype Imaging Holdings (NASDAQ:TYPE) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $29.00 price target on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.
Shares of Monotype Imaging Holdings (NASDAQ:TYPE) traded down 2.34% during mid-day trading on Tuesday, hitting $27.99. 52,885 shares of the company’s stock traded hands. Monotype Imaging Holdings has a 1-year low of $13.55 and a 1-year high of $28.68. The stock’s 50-day moving average is $26.18 and its 200-day moving average is $24.56. The company has a market cap of $1.056 billion and a P/E ratio of 34.99.
Monotype Imaging Holdings (NASDAQ:TYPE) last issued its quarterly earnings data 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. Analysts expect that Monotype Imaging Holdings will post $1.09 EPS for the current fiscal year.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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