Monotype Imaging Holdings Director Robert Givens Sells 10,000 Shares (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) Director Robert Givens unloaded 10,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.43, for a total value of $314,300.00. Following the transaction, the director now directly owns 267,341 shares in the company, valued at approximately $8,402,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TYPE has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.97.
Monotype Imaging Holdings (NASDAQ:TYPE) opened at 31.75 on Wednesday. Monotype Imaging Holdings has a 1-year low of $16.55 and a 1-year 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 posted its quarterly earnings results 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 in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. 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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