GARP Research Reiterates Buy on Monotype Imaging Holdings (TYPE)

By admin | 6 years ago

Monotype Imaging Holdings (NASDAQ: TYPE)‘s stock had its “buy” rating restated by analysts at GARP Research in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on TYPE. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Monotype Imaging Holdings from $16.00 to $17.00 in a research note to investors on Tuesday, March 20th. Separately, analysts at Brigantine initiated coverage on shares of Monotype Imaging Holdings in a research note to investors on Tuesday, March 13rd. They set a “buy” rating on the stock.

Monotype Imaging Holdings opened at 13.31 on Friday. Monotype Imaging Holdings has a 52-week low of $9.98 and a 52-week high of $17.02. The company has a market cap of $482.9 million and a price-to-earnings ratio of 21.75.

Monotype Imaging Holdings last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that Monotype Imaging Holdings will post $0.26 EPS next quarter.

Monotype Imaging Holdings Inc. (Monotype Imaging) is a global provider of text imaging solutions. The Company’s end user and embedded solutions for print, Web and mobile environments enable people to create and consume dynamic content on any and every device.

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