Monotype Imaging (NASDAQ:TYPE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

A number of other research firms have also recently weighed in on TYPE. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $137.00 price objective on shares of Continental in a report on Friday, April 26th. ValuEngine cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. B. Riley reaffirmed a “buy” rating on shares of Insight Enterprises in a report on Monday, April 29th. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.17.

Monotype Imaging stock opened at $20.00 on Friday. The business has a 50-day simple moving average of $16.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.32 and a current ratio of 2.32. Monotype Imaging has a 1 year low of $15.29 and a 1 year high of $22.30. The company has a market cap of $827.46 million, a P/E ratio of 22.99 and a beta of 0.96.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, July 26th. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.19. Monotype Imaging had a net margin of 6.54% and a return on equity of 9.44%. The company had revenue of $63.24 million for the quarter, compared to the consensus estimate of $57.35 million. During the same period last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts expect that Monotype Imaging will post 0.98 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in Monotype Imaging by 51.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 130,791 shares of the software maker’s stock valued at $2,030,000 after buying an additional 44,405 shares during the period. Martingale Asset Management L P increased its stake in Monotype Imaging by 43.2% during the 1st quarter. Martingale Asset Management L P now owns 307,185 shares of the software maker’s stock valued at $6,111,000 after buying an additional 92,627 shares during the period. Bank of New York Mellon Corp increased its stake in Monotype Imaging by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 633,144 shares of the software maker’s stock valued at $9,826,000 after buying an additional 7,488 shares during the period. Summit Global Investments increased its stake in Monotype Imaging by 3.6% during the 1st quarter. Summit Global Investments now owns 42,800 shares of the software maker’s stock valued at $851,000 after buying an additional 1,500 shares during the period. Finally, Piedmont Investment Advisors Inc. acquired a new position in Monotype Imaging during the 1st quarter valued at about $207,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.

See Also: New Google Finance Tool and Screening Stocks

Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.