Analysts Set Monotype Imaging Holdings Inc. (TYPE) PT at $26.00

Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) have been given an average rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.00.

TYPE has been the subject of several research analyst reports. B. Riley set a $31.00 price target on Monotype Imaging and gave the stock a “buy” rating in a research note on Thursday, September 20th. BidaskClub raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, ValuEngine lowered Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Monday, October 8th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of Monotype Imaging by 1,093.3% in the 3rd quarter. Acadian Asset Management LLC now owns 24,451 shares of the software maker’s stock valued at $494,000 after acquiring an additional 22,402 shares during the last quarter. CWM LLC lifted its stake in shares of Monotype Imaging by 36.0% in the 3rd quarter. CWM LLC now owns 157,710 shares of the software maker’s stock valued at $3,186,000 after acquiring an additional 41,718 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Monotype Imaging by 22.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 20,393 shares of the software maker’s stock valued at $412,000 after acquiring an additional 3,788 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Monotype Imaging by 100.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 22,984 shares of the software maker’s stock valued at $465,000 after acquiring an additional 11,492 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in shares of Monotype Imaging by 2.7% in the 3rd quarter. Confluence Investment Management LLC now owns 265,428 shares of the software maker’s stock valued at $5,362,000 after acquiring an additional 6,867 shares during the last quarter. 88.40% of the stock is owned by institutional investors.

TYPE stock traded up $0.28 during mid-day trading on Monday, hitting $17.81. 1,934 shares of the stock were exchanged, compared to its average volume of 213,263. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. Monotype Imaging has a 12 month low of $17.27 and a 12 month high of $26.75. The firm has a market cap of $741.45 million, a P/E ratio of 33.58 and a beta of 0.96.

About Monotype Imaging

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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