Monotype Imaging (NASDAQ:TYPE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

According to Zacks, “Monotype is a leader in empowering expression and engagement through a combination of type, technology and expertise. Headquartered in Woburn, Mass., Monotype provides customers worldwide with typeface solutions for a broad range of creative applications and consumer devices. The company’s libraries and e-commerce sites are home to many of the most widely used typefaces – including the Helvetica, Frutiger and Univers families – as well as the next generation of type designs. Monotype provides the design assets, technology and expertise that help you create beautiful, authentic and impactful brands that customers will engage with and value, wherever they experience your brand, now and in the future. Their fonts and technologies are designed to enable creative expression and give brands a distinct global voice. They are behind the text you read in newspapers and books, in the apps on your phone, in the websites you browse, on the dashboard you scan, on the goods you buy, and in the games you play. “

A number of other analysts also recently weighed in on TYPE. BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Thursday. B. Riley raised their price target on shares of Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. downgraded shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company. in a research report on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Monotype Imaging currently has a consensus rating of “Sell” and an average target price of $23.17.

Shares of Monotype Imaging (NASDAQ TYPE) opened at $23.10 on Friday. Monotype Imaging has a 1 year low of $15.75 and a 1 year 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. The firm has a market cap of $964.06, a P/E ratio of 121.58, a PEG ratio of 3.42 and a beta of 0.87.

In other Monotype Imaging news, CAO Janet M. Dunlap sold 2,000 shares of Monotype Imaging stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $25.00, for a total value 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 $2,250,200. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Janet M. Dunlap sold 8,063 shares of Monotype Imaging stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total transaction of $201,575.00. Following the completion of the transaction, the vice president now directly owns 92,913 shares of the company’s stock, valued at approximately $2,322,825. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted 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 valued at $127,000 after acquiring an additional 3,222 shares during the period. Aperio Group LLC acquired a new position in shares of Monotype Imaging during the fourth quarter valued at $202,000. Levin Capital Strategies L.P. acquired a new position in shares of Monotype Imaging during the fourth quarter valued at $205,000. First Manhattan Co. boosted 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 valued at $313,000 after acquiring an additional 3,000 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Monotype Imaging during the fourth quarter valued at $350,000. 93.46% of the stock is 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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