Electronics for Imaging, Inc. (EFII) Receives Average Recommendation of “Hold” from Brokerages

Electronics for Imaging, Inc. (NASDAQ:EFII) has earned an average rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $53.33.

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $53.00 price target (down previously from $54.00) on shares of Electronics for Imaging in a research note on Wednesday, April 19th. Longbow Research downgraded Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Loop Capital started coverage on Electronics for Imaging in a research note on Monday, July 24th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, BidaskClub downgraded Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

In related news, CEO Guy Gecht sold 13,712 shares of Electronics for Imaging stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $47.57, for a total value of $652,279.84. Following the sale, the chief executive officer now owns 392,648 shares of the company’s stock, valued at approximately $18,678,265.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 50,176 shares of company stock worth $2,399,183 in the last ninety days. 1.88% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of EFII. SG Americas Securities LLC acquired a new stake in shares of Electronics for Imaging during the second quarter worth about $108,000. Strs Ohio boosted its stake in shares of Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after buying an additional 1,100 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after buying an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after buying an additional 1,037 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in shares of Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock worth $113,000 after buying an additional 1,405 shares during the last quarter.

Shares of Electronics for Imaging (NASDAQ EFII) opened at 31.81 on Friday. The company’s 50-day moving average price is $45.06 and its 200 day moving average price is $46.63. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 31.43 and a beta of 1.23. Electronics for Imaging has a 12-month low of $25.54 and a 12-month high of $51.15.

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About Electronics for Imaging

Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.

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