Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other research firms have also recently weighed in on TYPE. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. B. Riley cut shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Monday, May 1st.

Monotype Imaging Holdings (NASDAQ:TYPE) traded up 0.80% during trading on Monday, hitting $18.80. 104,303 shares of the stock were exchanged. The firm has a market cap of $742.15 million, a PE ratio of 93.53 and a beta of 0.91. The firm’s 50-day moving average is $18.85 and its 200 day moving average is $20.04. Monotype Imaging Holdings has a 52 week low of $15.75 and a 52 week high of $24.45.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings results on Friday, April 28th. The software maker reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. Monotype Imaging Holdings had a net margin of 4.00% and a return on equity of 5.66%. The business had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $53.95 million. During the same period in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that Monotype Imaging Holdings will post $0.58 earnings per share for the current fiscal year.

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In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the business’s stock in a transaction dated Sunday, July 16th. The shares were sold at an average price of $18.05, for a total value of $27,075.00. Following the transaction, the director now directly owns 30,640 shares in the company, valued at $553,052. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TYPE. Bank of Montreal Can boosted its position in Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock worth $106,000 after buying an additional 3,003 shares during the last quarter. UBS Group AG boosted its position in Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after buying an additional 759 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock worth $150,000 after buying an additional 3,624 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Monotype Imaging Holdings by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock worth $172,000 after buying an additional 929 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Monotype Imaging Holdings by 3.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,510 shares of the software maker’s stock valued at $191,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.

Monotype Imaging Holdings Company Profile

Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).

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