Somewhat Positive Media Coverage Somewhat Unlikely to Impact Monotype Imaging Holdings (TYPE) Stock Price
Media coverage about Monotype Imaging Holdings (NASDAQ:TYPE) has trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monotype Imaging Holdings earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.89551074082 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Monotype Imaging Holdings Inc. (TYPE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Edited Transcript of TYPE earnings conference call or presentation 31-Oct-17 12:30pm GMT (finance.yahoo.com)
- Monotype Imaging Holdings Inc. (TYPE) Announces Earnings Results (americanbankingnews.com)
- BRIEF-Monotype Q3 non-GAAP earnings per share $0.12 (reuters.com)
- Monotype Announces Third Quarter 2017 Results (businesswire.com)
TYPE has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, B. Riley raised their price objective on shares of Monotype Imaging Holdings from $20.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating, Monotype Imaging Holdings currently has a consensus rating of “Hold” and a consensus target price of $22.75.
Monotype Imaging Holdings (NASDAQ:TYPE) traded down $0.05 on Friday, reaching $23.45. 472,102 shares of the company traded hands, compared to its average volume of 429,380. The company has a market cap of $978.66, a P/E ratio of 123.42, a PEG ratio of 6.01 and a beta of 0.98. Monotype Imaging Holdings has a 52 week low of $15.75 and a 52 week high of $24.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.63 and a current ratio of 2.43.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $60.50 million during the quarter, compared to the consensus estimate of $59.35 million. Monotype Imaging Holdings had a net margin of 0.06% and a return on equity of 2.47%. Monotype Imaging Holdings’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. equities analysts anticipate that Monotype Imaging Holdings will post 0.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be issued a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, December 29th.
In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $18.25, for a total value of $27,375.00. Following the completion of the transaction, the director now directly owns 26,140 shares of the company’s stock, valued at approximately $477,055. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.
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About Monotype Imaging Holdings
Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).
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