Media stories about Monotype Imaging (NASDAQ:TYPE) have been trending somewhat positive on Monday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monotype Imaging earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 47.4768284398408 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Monotype Imaging (NASDAQ TYPE) traded up $0.15 during midday trading on Monday, reaching $24.80. The company’s stock had a trading volume of 32,060 shares, compared to its average volume of 287,267. The stock has a market cap of $1,024.47, a PE ratio of 92.22, a P/E/G ratio of 3.29 and a beta of 0.83. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. Monotype Imaging has a 1-year low of $15.75 and a 1-year high of $26.75.
Monotype Imaging (NASDAQ:TYPE) last released its earnings results on Friday, February 16th. The software maker reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.31. The company had revenue of $65.02 million during the quarter, compared to analysts’ expectations of $62.45 million. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. equities analysts forecast that Monotype Imaging will post 0.5 EPS for the current year.
Several equities analysts recently issued reports on TYPE shares. BidaskClub lowered Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Monotype Imaging from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, February 27th. B. Riley upgraded Monotype Imaging from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.50 to $31.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. cut Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a report on Tuesday, December 12th. Finally, ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.33.
In related news, CAO Janet M. Dunlap sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the transaction, the chief accounting officer now owns 90,008 shares of the company’s stock, valued at approximately $2,250,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Janet M. Dunlap sold 1,187 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $25.00, for a total value of $29,675.00. Following the transaction, the chief accounting officer now directly owns 88,821 shares of the company’s stock, valued at approximately $2,220,525. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
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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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