Monotype Imaging (TYPE) Given a $31.00 Price Target at B. Riley

B. Riley set a $31.00 target price on Monotype Imaging (NASDAQ:TYPE) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the software maker’s stock.

Other analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Monotype Imaging from a sell rating to a hold rating in a research report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of Monotype Imaging from a hold rating to a buy rating and set a $23.00 price target on the stock in a report on Tuesday, July 3rd. Finally, ValuEngine downgraded shares of Monotype Imaging from a buy rating to a hold rating in a report on Monday, July 2nd. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $26.00.

Shares of NASDAQ TYPE opened at $17.61 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a market cap of $746.50 million, a PE ratio of 33.23 and a beta of 0.96. Monotype Imaging has a 12-month low of $17.50 and a 12-month high of $26.75.

Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new position in Monotype Imaging during the 2nd quarter valued at about $199,000. Xact Kapitalforvaltning AB bought a new position in Monotype Imaging during the 1st quarter valued at about $231,000. Fox Run Management L.L.C. bought a new position in Monotype Imaging during the 2nd quarter valued at about $213,000. Russell Investments Group Ltd. bought a new position in Monotype Imaging during the 1st quarter valued at about $262,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Monotype Imaging during the 2nd quarter valued at about $290,000. Institutional investors own 88.40% of the company’s stock.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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