Insider Selling: Monotype Imaging Holdings VP Unloads 2,000 Shares of Stock (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) VP Steven Martin sold 2,000 shares of Monotype Imaging Holdings stock on the open market in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $27.42, for a total transaction of $54,840.00. Following the transaction, the vice president now directly owns 28,318 shares in the company, valued at approximately $776,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Monotype Imaging Holdings has a consensus rating of “Hold” and an average price target of $27.00.
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 posted its quarterly earnings results on Friday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Monotype Imaging Holdings will post $1.09 earnings per share for the current fiscal year.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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