Monotype Imaging Holdings (TYPE) was Initiated by Ladenburg Thalmann to “Buy” and the brokerage firm has set the Price Target at $29. Ladenburg Thalmann advised their investors in a research report released on May 25, 2016.
On the company’s financial health, Monotype Imaging Holdings reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.25. The company had revenue of $49.80 million for the quarter, compared to analysts expectations of $49.17 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Monotype Imaging Holdings opened for trading at $22.75 and hit $22.888 on the upside on Friday, eventually ending the session at $22.85, with a gain of 1.11% or 0.25 points. The heightened volatility saw the trading volume jump to 2,57,472 shares. Company has a market cap of $929,150 M.
In a different news, on May 19, 2016, Pamela F Lenehan (director) sold 2,000 shares at $22.62 per share price. According to the SEC, on May 17, 2016, John L Seguin (Executive Vice President) sold 1,457 shares at $22.93 per share price. On May 16, 2016, Steven R Martin (Exec VP, Chief Innovation Off.) sold 2,000 shares at $22.93 per share price, according to the Form-4 filing with the securities and exchange commission.
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). For the Creative Professional market it provides content across various 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 the OEM market it 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-based technology platform and font management.