Potrero Capital Research LLC bought a new stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 77,998 shares of the software maker’s stock, valued at approximately $1,313,000. Potrero Capital Research LLC owned about 0.19% of Monotype Imaging at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new position in Monotype Imaging in the second quarter valued at about $70,000. BNP Paribas Arbitrage SA increased its stake in shares of Monotype Imaging by 338.2% in the first quarter. BNP Paribas Arbitrage SA now owns 9,409 shares of the software maker’s stock valued at $187,000 after buying an additional 7,262 shares during the period. Foundry Partners LLC acquired a new stake in shares of Monotype Imaging in the second quarter valued at about $171,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Monotype Imaging in the first quarter valued at about $207,000. Finally, First Quadrant L P CA acquired a new stake in shares of Monotype Imaging in the second quarter valued at about $176,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.
Several equities research analysts have recently weighed in on TYPE shares. Zacks Investment Research raised Monotype Imaging from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Thursday, August 1st. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Dougherty & Co cut Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, BidaskClub cut Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.17.
Shares of TYPE stock remained flat at $$19.79 on Friday. The stock had a trading volume of 6,301 shares, compared to its average volume of 517,821. The company’s fifty day moving average price is $19.82 and its 200-day moving average price is $18.56. Monotype Imaging Holdings Inc. has a 12 month low of $15.29 and a 12 month high of $21.09. The stock has a market cap of $817.64 million, a price-to-earnings ratio of 25.37 and a beta of 1.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 2.30.
Monotype Imaging (NASDAQ:TYPE) last released its earnings results on Friday, July 26th. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.19 by $0.19. Monotype Imaging had a return on equity of 10.65% and a net margin of 10.28%. The business had revenue of $63.24 million during the quarter, compared to analysts’ expectations of $57.35 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that Monotype Imaging Holdings Inc. will post 1.02 EPS for the current fiscal year.
About Monotype Imaging
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.
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