Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $17.31 and last traded at $18.18, with a volume of 1,460,858 shares traded. The stock had previously closed at $24.92.

TYPE has been the topic of several recent analyst reports. Zacks Investment Research raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Ladenburg Thalmann initiated coverage on Monotype Imaging Holdings in a report on Wednesday, May 25th. They set a “buy” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. reissued a “sell” rating and set a $25.00 price objective on shares of Monotype Imaging Holdings in a report on Monday, May 2nd. Finally, B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Monotype Imaging Holdings in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Monotype Imaging Holdings currently has a consensus rating of “Hold” and an average price target of $29.00.

The company’s 50 day moving average is $24.13 and its 200 day moving average is $23.42. The company has a market cap of $774.62 million and a price-to-earnings ratio of 33.06.

Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm earned $49.80 million during the quarter, compared to analysts’ expectations of $49.07 million. The firm’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Monotype Imaging Holdings Inc. will post $1.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 21st. Investors of record on Friday, July 1st will be issued a $0.11 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.22%.

In related news, VP Steven R. Martin sold 7,990 shares of Monotype Imaging Holdings stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $24.94, for a total value of $199,270.60. Following the sale, the vice president now owns 91,873 shares of the company’s stock, valued at approximately $2,291,312.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven R. Martin sold 2,000 shares of the business’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $22.93, for a total transaction of $45,860.00. Following the sale, the vice president now directly owns 94,482 shares in the company, valued at approximately $2,166,472.26. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of TYPE. Principal Financial Group Inc. boosted its stake in shares of Monotype Imaging Holdings by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 262,660 shares of the company’s stock worth $6,209,000 after buying an additional 12,522 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Monotype Imaging Holdings by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 650,372 shares of the company’s stock worth $15,374,000 after buying an additional 109,523 shares during the last quarter. Morgan Stanley boosted its stake in shares of Monotype Imaging Holdings by 247.1% in the fourth quarter. Morgan Stanley now owns 356,931 shares of the company’s stock worth $8,437,000 after buying an additional 254,094 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Monotype Imaging Holdings by 18.5% in the fourth quarter. Brown Advisory Inc. now owns 774,403 shares of the company’s stock worth $18,306,000 after buying an additional 120,856 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Monotype Imaging Holdings by 5.9% in the fourth quarter. Rhumbline Advisers now owns 86,089 shares of the company’s stock worth $2,035,000 after buying an additional 4,815 shares during the last quarter.

Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company is engaged in the development, marketing and licensing of technologies and fonts. Its business is organized as follows: Creative Professional and original equipment manufacturer (OEM).

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