Insider Selling: Monotype Imaging Holdings CFO Sells 37,000 Shares of Stock (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) CFO Scott Landers unloaded 37,000 shares of Monotype Imaging Holdings stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $27.54, for a total transaction of $1,018,980.00. Following the completion of the transaction, the chief financial officer now directly owns 49,782 shares of the company’s stock, valued at approximately $1,370,996. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Monotype Imaging Holdings (NASDAQ:TYPE) traded down 0.73% on Tuesday, hitting $27.15. The stock had a trading volume of 126,344 shares. Monotype Imaging Holdings has a 52-week low of $13.55 and a 52-week high of $28.78. The stock’s 50-day moving average is $26.6 and its 200-day moving average is $24.76. The company has a market cap of $1.024 billion and a price-to-earnings ratio of 33.39.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 26th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Monotype Imaging Holdings will post $1.09 EPS for the current fiscal year.
TYPE has been the subject of a number of recent research reports. Analysts at Sidoti downgraded shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at Zacks upgraded shares of Monotype Imaging Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $29.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Monotype Imaging Holdings 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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