Monotype Imaging (NASDAQ:TYPE) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a research report on Tuesday, December 12th. BidaskClub downgraded shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. B. Riley boosted their price objective on shares of Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and a consensus target price of $23.17.
Shares of Monotype Imaging (NASDAQ:TYPE) traded up $0.20 during mid-day trading on Thursday, hitting $23.10. The company had a trading volume of 183,685 shares, compared to its average volume of 156,962. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $964.06, a PE ratio of 121.58, a P/E/G ratio of 3.42 and a beta of 0.87. Monotype Imaging has a fifty-two week low of $15.75 and a fifty-two week high of $25.77.
Large investors have recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of Monotype Imaging by 85.7% during the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock worth $127,000 after buying an additional 3,222 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Monotype Imaging during the fourth quarter worth $202,000. Levin Capital Strategies L.P. acquired a new position in shares of Monotype Imaging during the fourth quarter worth $205,000. First Manhattan Co. increased its holdings in shares of Monotype Imaging by 30.0% during the fourth quarter. First Manhattan Co. now owns 13,000 shares of the software maker’s stock worth $313,000 after buying an additional 3,000 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Monotype Imaging during the fourth quarter worth $350,000. Institutional investors own 93.46% of the company’s stock.
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About Monotype Imaging
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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