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Dougherty & Co increased their target price on shares of Monotype Imaging Holdings (NASDAQ:TYPE) from $30.00 to $35.00 in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s target price points to a potential upside of 23.33% from the company’s current price.

In other Monotype Imaging Holdings news, EVP John Seguin sold 8,806 shares of Monotype Imaging Holdings stock on the open market in a transaction dated Monday, February 10th. The shares were sold at an average price of $28.06, for a total transaction of $247,096.36. Following the completion of the transaction, the executive vice president now directly owns 23,291 shares of the company’s stock, valued at approximately $653,545. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on TYPE. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monotype Imaging Holdings in a research note on Friday, January 17th. They now have a $35.00 price target on the stock, up previously from $31.00. Separately, analysts at Zacks upgraded shares of Monotype Imaging Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $32.30 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Monotype Imaging Holdings in a research note on Monday, January 6th. They set a “buy” rating and a $37.50 price target on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $32.47.

Shares of Monotype Imaging Holdings (NASDAQ:TYPE) traded up 6.20% during mid-day trading on Thursday, hitting $29.948. 125,377 shares of the company’s stock traded hands. Monotype Imaging Holdings has a one year low of $19.25 and a one year high of $33.25. The stock’s 50-day moving average is $30.40 and its 200-day moving average is $28.31. The company has a market cap of $1.146 billion and a P/E ratio of 35.74.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.90 million. During the same quarter last year, the company posted $0.28 earnings per share. Monotype Imaging Holdings’s revenue was up 10.3% 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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