Electronics for Imaging, Inc. (EFII) Lowered to C at TheStreet

Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Friday, August 4th.

Other analysts have also recently issued research reports about the company. Cross Research cut Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research report on Friday, August 4th. Aegis began coverage on Electronics for Imaging in a research report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price target for the company. Longbow Research cut Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $53.00 price objective (down previously from $54.00) on shares of Electronics for Imaging in a research report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $52.57.

Shares of Electronics for Imaging (NASDAQ EFII) opened at 33.15 on Friday. The company has a 50-day moving average of $43.03 and a 200 day moving average of $46.19. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 32.76 and a beta of 1.23. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15.

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In other news, CEO Guy Gecht sold 13,746 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $48.21, for a total value of $662,694.66. Following the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at approximately $18,645,699.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 50,176 shares of company stock valued at $2,399,183. Insiders own 1.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EFII. Walthausen & Co. LLC bought a new stake in Electronics for Imaging during the first quarter valued at $18,413,000. Norges Bank acquired a new stake in Electronics for Imaging during the fourth quarter worth approximately $12,991,000. Falcon Point Capital LLC acquired a new stake in Electronics for Imaging during the second quarter worth approximately $14,015,000. RK Capital Management LLC acquired a new stake in Electronics for Imaging during the second quarter worth approximately $13,271,000. Finally, Fred Alger Management Inc. acquired a new stake in Electronics for Imaging during the second quarter worth approximately $10,746,000.

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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