Monotype Imaging Holdings CFO Scott Landers Sells 8,554 Shares (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) CFO Scott Landers unloaded 8,554 shares of Monotype Imaging Holdings stock on the open market in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.63, for a total value of $270,563.02. Following the completion of the sale, the chief financial officer now directly owns 43,782 shares of the company’s stock, valued at approximately $1,384,825. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on TYPE shares. Analysts at Zacks upgraded shares of Monotype Imaging Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $32.30 price target on the stock. Separately, analysts at CRT Capital initiated coverage on shares of Monotype Imaging Holdings in a research note to investors on Monday. They set a “buy” rating and a $37.50 price target on the stock. Finally, analysts at B. Riley initiated coverage on shares of Monotype Imaging Holdings in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.97.
Monotype Imaging Holdings (NASDAQ:TYPE) opened at 31.75 on Wednesday. Monotype Imaging Holdings has a 52 week low of $16.55 and a 52 week high of $33.25. The stock has a 50-day moving average of $30.41 and a 200-day moving average of $27.69. The company has a market cap of $1.215 billion and a price-to-earnings ratio of 40.24.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its earnings data on Thursday, October 31st. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $40.06 million. During the same quarter last year, the company posted $0.29 earnings per share. Monotype Imaging Holdings’s revenue was up 6.6% compared to the same quarter last year. 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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