Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.00.

TYPE has been the subject of a number of recent analyst reports. BidaskClub downgraded Monotype Imaging from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. ValuEngine lowered Monotype Imaging from a “hold” rating to a “sell” rating in a report on Monday, January 7th. JPMorgan Chase & Co. raised Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Finally, B. Riley set a $31.00 price objective on Monotype Imaging and gave the company a “buy” rating in a research report on Tuesday, October 30th.

TYPE traded up $0.12 during trading hours on Wednesday, hitting $17.01. The company’s stock had a trading volume of 1,833 shares, compared to its average volume of 185,736. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.62 and a current ratio of 2.62. Monotype Imaging has a 12 month low of $15.29 and a 12 month high of $26.75. The stock has a market capitalization of $701.61 million, a PE ratio of 32.13 and a beta of 0.99.

Institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in Monotype Imaging by 198.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 86,386 shares of the software maker’s stock worth $1,745,000 after buying an additional 57,455 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Monotype Imaging by 7.9% during the third quarter. Legal & General Group Plc now owns 100,222 shares of the software maker’s stock worth $2,021,000 after purchasing an additional 7,305 shares during the period. TIAA CREF Investment Management LLC increased its stake in Monotype Imaging by 18.4% in the third quarter. TIAA CREF Investment Management LLC now owns 189,223 shares of the software maker’s stock valued at $3,822,000 after acquiring an additional 29,463 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Monotype Imaging by 23.8% during the third quarter. Bank of Montreal Can now owns 63,839 shares of the software maker’s stock worth $1,289,000 after buying an additional 12,255 shares during the last quarter. Finally, AXA bought a new stake in shares of Monotype Imaging during the third quarter worth $283,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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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