Analysts Set Monotype Imaging Holdings Inc. (TYPE) Target Price at $27.00
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.
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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