The stock of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) is a huge mover today! About 379,586 shares traded hands or 69.14% up from the average. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has declined 9.84% since March 1, 2016 and is downtrending. It has underperformed by 19.08% the S&P500.
The move comes after 7 months negative chart setup for the $823.25 million company. It was reported on Oct, 4 by Barchart.com. We have $19.22 PT which if reached, will make NASDAQ:TYPE worth $49.40 million less.
Analysts await Monotype Imaging Holdings Inc. (NASDAQ:TYPE) to report earnings on November, 4. They expect $0.21 earnings per share, down 12.50% or $0.03 from last year’s $0.24 per share. TYPE’s profit will be $8.45 million for 24.35 P/E if the $0.21 EPS becomes a reality. After $0.21 actual earnings per share reported by Monotype Imaging Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Ratings Coverage
Out of 3 analysts covering Monotype Imaging Holdings (NASDAQ:TYPE), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Monotype Imaging Holdings has been the topic of 3 analyst reports since September 8, 2015 according to StockzIntelligence Inc. As per Tuesday, September 8, the company rating was downgraded by Zacks. The stock of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) earned “Buy” rating by Dougherty & Company on Friday, February 12. The company was initiated on Wednesday, May 25 by Ladenburg Thalmann.
According to Zacks Investment Research, “Monotype Imaging is a global provider of text imaging solutions for manufacturers and developers of consumer electronics devices including laser printers, copiers, mobile phones, digital televisions, set-top boxes, digital cameras and software applications and operating systems. The company also provides printer drivers and color imaging technologies to OEMs. Monotype Imaging technologies are combined with access to more than nine thousand typefaces from the Monotype, Linotype and ITC typeface libraries home to some of the world’s most widely used designs, including the Times New Roman, Helvetica and ITC Franklin Gothic typefaces. Fonts are licensed to creative and business professionals through custom font designs, direct sales or e-commerce portals. Monotype Imaging offers fonts and industry-standard solutions that support all of the world’s major languages.”
Insitutional Activity: The institutional sentiment increased to 2.14 in Q2 2016. Its up 0.76, from 1.38 in 2016Q1. The ratio increased, as 10 funds sold all Monotype Imaging Holdings Inc. shares owned while 33 reduced positions. 17 funds bought stakes while 75 increased positions. They now own 36.91 million shares or 1.92% less from 37.63 million shares in 2016Q1.
Fincl Bank Of America Corp De last reported 0% of its portfolio in the stock. Deutsche Bancorp Ag holds 54,289 shares or 0% of its portfolio. Bnp Paribas Arbitrage reported 12,834 shares or 0% of all its holdings. Atlanta Capital Management Co L L C reported 970,960 shares or 0.16% of all its holdings. Principal Grp accumulated 296,141 shares or 0.01% of the stock. Royal Savings Bank Of Canada reported 53,785 shares or 0% of all its holdings. Grp last reported 30,210 shares in the company. Confluence Invest Mngmt Ltd last reported 0.06% of its portfolio in the stock. Pub Sector Pension Inv Board accumulated 28,722 shares or 0.01% of the stock. Swiss Fincl Bank accumulated 0% or 65,200 shares. First Trust Ltd Partnership accumulated 21,942 shares or 0% of the stock. Copeland Cap Management Limited Liability last reported 0.87% of its portfolio in the stock. Bbva Compass Bankshares accumulated 0.07% or 40,010 shares. Blackrock Grp has 88,261 shares for 0% of their US portfolio. Neumeier Poma Invest Counsel Ltd Llc has invested 2% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE).
Insider Transactions: Since April 13, 2016, the stock had 2 insider buys, and 16 selling transactions for $960,599 net activity. $33,409 worth of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was sold by Seguin John L. On Wednesday, July 13 the insider Martin Steven R sold $199,250. 12,500 shares were bought by Semmes Benjamin W.L. III, worth $256,125. 2,000 shares were sold by LENEHAN PAMELA F, worth $45,126. Shares for $67,080 were bought by Landers Scott E on Monday, August 1. Dunlap Janet M had sold 3,062 shares worth $76,550 on Tuesday, July 12. The insider Shaw Douglas J sold $521,900.
More news for Monotype Imaging Holdings Inc. (NASDAQ:TYPE) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: Monotype Imaging Holdings, Cabot Microelectronics and …” on September 27, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: EMC, Monotype Imaging Holdings and General Dynamics” and published on June 27, 2016 is yet another important article.
TYPE Company Profile
Monotype Imaging Holdings Inc. (Monotype), incorporated on August 11, 2005, is a well-known provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. The Company’s business includes Creative Professional and original equipment maker (OEM). For Creative Professional market, the Company provides content across multiple devices and mediums. It offers products, such as Type, which include Monotype Libraries, Monotype, Linotype, FontFont, ITC, Ascender and Bitstream collections; e-commerce Websites; Fonts.com Web Fonts service, and font solutions. For OEM market, the Company offers solutions for consumer device manufacturers and independent software vendors (ISVs). It offers technologies, such as screen imaging technologies, printer imaging technologies, creative tools, cloud technology platform and font management. The Company’s solutions are licensed through the Company’s direct sales channel, as well as its e-commerce platforms and indirect sales channels. The Firm works with a range of customers, including brands, agencies, publishers, firms, enterprises, small businesses and individuals.
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