Monotype Imaging (NASDAQ:TYPE) was downgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research report issued on Tuesday. They currently have a $24.00 price target on the software maker’s stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 0.42% from the company’s current price.

TYPE has been the topic of a number of other research reports. Zacks Investment Research cut Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, B. Riley upped their target price on Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.17.

Monotype Imaging (TYPE) opened at $23.90 on Tuesday. The company has a market capitalization of $1,018.32, a P/E ratio of 128.42, a PEG ratio of 8.13 and a beta of 1.00. Monotype Imaging has a 52 week low of $15.75 and a 52 week high of $25.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.43 and a current ratio of 2.43.

Monotype Imaging (NASDAQ:TYPE) last released its earnings results on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging had a return on equity of 2.47% and a net margin of 0.06%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. sell-side analysts forecast that Monotype Imaging will post 0.2 EPS for the current year.

In related news, VP Janet M. Dunlap sold 8,063 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total value of $201,575.00. Following the transaction, the vice president now owns 92,913 shares of the company’s stock, valued at $2,322,825. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. grew its stake in Monotype Imaging by 2.4% in the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after purchasing an additional 131 shares in the last quarter. Advisor Group Inc. grew its stake in Monotype Imaging by 85.7% in the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock worth $127,000 after purchasing an additional 3,222 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Monotype Imaging by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock worth $181,000 after purchasing an additional 380 shares in the last quarter. Menta Capital LLC bought a new position in Monotype Imaging in the second quarter worth approximately $197,000. Finally, BNP Paribas Arbitrage SA grew its stake in Monotype Imaging by 57.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,474 shares of the software maker’s stock worth $247,000 after purchasing an additional 4,905 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors.

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Monotype Imaging 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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