Could Monotype Imaging Holdings Inc (NASDAQ:TYPE) Skyrocket? The Stock Had Too Little Sellers

June 13, 2018 - By Vivian Currie

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Logo

Investors sentiment increased to 1.66 in 2018 Q1. Its up 0.55, from 1.11 in 2017Q4. It is positive, as 19 investors sold Monotype Imaging Holdings Inc. shares while 28 reduced holdings. 31 funds opened positions while 47 raised stakes. 37.05 million shares or 0.85% more from 36.73 million shares in 2017Q4 were reported.
Balyasny Asset Mgmt Limited Liability Co has 0% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 39,034 shares. Barclays Public Ltd Company accumulated 0% or 26,869 shares. Bank & Trust Of America De stated it has 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Gotham Asset Mngmt Ltd Liability Com reported 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). 1.95 million are owned by Daruma Mngmt Ltd Co. New York State Teachers Retirement reported 0% stake. Renaissance Technology Limited Liability Corp holds 0.01% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 469,800 shares. Ameritas Investment Ptnrs reported 0% stake. Glenmede Com Na reported 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Moreover, Millennium Ltd Liability Co has 0.02% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Neuberger Berman Gru Limited Liability Corp owns 2.46M shares or 0.06% of their US portfolio. Patten Grp Inc reported 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Ameriprise Fincl owns 217,173 shares for 0% of their portfolio. Cwm Limited Com holds 122,791 shares. Bessemer Gp Inc, a New Jersey-based fund reported 46,700 shares.

Since January 11, 2018, it had 0 insider buys, and 9 sales for $2.48 million activity. Semmes Benjamin W.L. III also sold $21,000 worth of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) on Tuesday, May 15. $50,000 worth of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was sold by Dunlap Janet M on Thursday, January 11. 1,000 shares were sold by Zucker Brett Scott, worth $22,300.

The stock of Monotype Imaging Holdings Inc (NASDAQ:TYPE) registered a decrease of 34.69% in short interest. TYPE’s total short interest was 550,400 shares in June as published by FINRA. Its down 34.69% from 842,700 shares, reported previously. With 293,200 shares average volume, it will take short sellers 2 days to cover their TYPE’s short positions. The short interest to Monotype Imaging Holdings Inc’s float is 1.84%.

It closed at $22 lastly. It is down 10.28% since June 13, 2017 and is uptrending. It has underperformed by 2.29% the S&P500.

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 has market cap of $885.66 million. The firm 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. It has a 82.09 P/E ratio. It also provides font scaling engine and font compression technologies that are compatible with virtually font formats and industry standards, including the PostScript and PCL printing languages; font solutions for consumer device manufacturers, including Edge and SmartHint technologies for precise pixel adjustments to enable fonts to display with optimal quality in suboptimal display environments; printer driver kits; and fonts for printer manufacturers.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Ratings Coverage

Among 2 analysts covering Monotype (NASDAQ:TYPE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Monotype has $31.0 highest and $3100 lowest target. $31’s average target is 40.91% above currents $22 stock price. Monotype had 3 analyst reports since February 20, 2018 according to SRatingsIntel. B. Riley & Co upgraded the shares of TYPE in report on Tuesday, February 20 to “Buy” rating. The firm earned “Buy” rating on Tuesday, February 20 by FBR Capital. FBR Capital maintained Monotype Imaging Holdings Inc. (NASDAQ:TYPE) rating on Tuesday, June 12. FBR Capital has “Buy” rating and $3100 target.

More recent Monotype Imaging Holdings Inc. (NASDAQ:TYPE) news were published by: Businesswire.com which released: “Monotype to Present at Baird’s 2018 Global Consumer, Technology & Services Conference” on June 04, 2018. Also Businesswire.com published the news titled: “Introducing the Walbaum Typeface: the Restoration of a Warm and Stylish Serif Design That Has Nearly Limitless …” on June 12, 2018. Businesswire.com‘s news article titled: “Annual B. Riley FBR Investor Conference” with publication date: May 16, 2018 was also an interesting one.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Institutional Positions Chart

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