What Next for Monotype Imaging Holdings Inc. (TYPE) After Forming Bearish Wedge Down?

July 27, 2018 - By Carolyn Hewitt

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Logo

Investors sentiment increased to 1.66 in Q1 2018. Its up 0.55, from 1.11 in 2017Q4. It improved, 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.
1,722 were reported by Royal Comml Bank Of Canada. Mackay Shields Limited Liability Corp accumulated 17,700 shares. Alliancebernstein Ltd Partnership holds 60,252 shares or 0% of its portfolio. Bbva Compass Bancshares has 0.02% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). 8,952 are owned by Paloma Mgmt. Cwm Ltd accumulated 122,791 shares or 0.11% of the stock. International Group Inc Inc has invested 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). 51,784 were reported by Acadian Asset Limited Liability Corp. Price T Rowe Assocs Inc Md accumulated 34,484 shares or 0% of the stock. Robeco Institutional Asset Mgmt Bv invested 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Ls Investment Advsrs Limited Liability Com has invested 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Pnc Fincl Services Inc holds 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) or 855 shares. Rice Hall James Associates Ltd Com holds 0.08% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) or 86,974 shares. Bank Of America De holds 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 34,873 shares. Louisiana State Employees Retirement Sys owns 18,400 shares.

Since February 16, 2018, it had 0 insider buys, and 10 insider sales for $2.47 million activity. 1,000 Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares with value of $21,850 were sold by Semmes Benjamin W.L. III. 1,187 shares were sold by Dunlap Janet M, worth $29,675 on Friday, February 16. Zucker Brett Scott sold $22,300 worth of stock.

The stock of Monotype Imaging Holdings Inc. (TYPE) formed a down wedge with $19.10 target or 5.00 % below today’s $20.10 share price. The 7 months wedge indicates high risk for the $809.17 million company. If the $19.10 price target is reached, the company will be worth $40.46M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

It closed at $20.1 lastly. It is up 10.28% since July 27, 2017 and is uptrending. It has underperformed by 2.29% the S&P500.

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 had 3 analyst reports since February 20, 2018 according to SRatingsIntel. The rating was maintained by FBR Capital on Tuesday, June 12 with “Buy”. The firm earned “Buy” rating on Tuesday, February 20 by FBR Capital. B. Riley & Co upgraded Monotype Imaging Holdings Inc. (NASDAQ:TYPE) on Tuesday, February 20 to “Buy” rating.

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 $809.17 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 75 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) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.