Headlines about Monotype Imaging (NASDAQ:TYPE) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monotype Imaging earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.5025842562398 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Monotype Imaging (NASDAQ:TYPE) opened at $24.90 on Friday. 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 current ratio of 2.43 and a quick ratio of 2.43. The firm has a market cap of $1,041.27, a P/E ratio of 131.32, a price-to-earnings-growth ratio of 8.32 and a beta of 1.00.
Monotype Imaging (NASDAQ:TYPE) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Monotype Imaging had a net margin of 0.06% and a return on equity of 2.47%. The firm had revenue of $60.50 million for the quarter, compared to analyst estimates of $59.35 million. During the same quarter last year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. equities research analysts expect that Monotype Imaging will post 0.2 EPS for the current fiscal year.
A number of brokerages have weighed in on TYPE. Zacks Investment Research lowered shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, B. Riley raised their target price 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. Five equities research analysts have rated the stock with a hold rating, Monotype Imaging presently has a consensus rating of “Hold” and an average price target of $22.75.
In other news, VP Janet M. Dunlap sold 8,063 shares of Monotype Imaging stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total transaction of $201,575.00. Following the transaction, the vice president now owns 92,913 shares in the company, valued at $2,322,825. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.
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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).
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