Insider Selling: Guy Gecht Sells 105,732 Shares of Electronics for Imaging Stock (EFII)
Electronics for Imaging (NASDAQ:EFII) CEO Guy Gecht sold 105,732 shares of the stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $42.76, for a total value of $4,521,100.32. Following the completion of the transaction, the chief executive officer now directly owns 253,071 shares of the company’s stock, valued at approximately $10,821,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Electronics for Imaging (NASDAQ:EFII) traded down 0.72% during mid-day trading on Friday, hitting $42.50. 171,237 shares of the company’s stock traded hands. Electronics for Imaging has a one year low of $22.67 and a one year high of $43.88. The stock has a 50-day moving average of $40.55 and a 200-day moving average of $35.46. The company has a market cap of $2.073 billion and a P/E ratio of 18.98.
Electronics for Imaging (NASDAQ:EFII) last released its earnings data on Monday, January 27th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.05. The company had revenue of $197.20 million for the quarter, compared to the consensus estimate of $189.52 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that Electronics for Imaging will post $1.79 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Electronics for Imaging from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Separately, analysts at Griffin Securities downgraded shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 29th. Finally, analysts at Barclays initiated coverage on shares of Electronics for Imaging in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $47.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $45.35.
Electronics For Imaging, Inc (NASDAQ:EFII), is a provider of digital printing innovation focused on the transformation of the printing, packaging, and decorative industries from the use of traditional analog based presses to digital on-demand printing.
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