Insider Selling: Electronics for Imaging Director Sells 7,873 Shares of Stock (EFII)
Electronics for Imaging (NASDAQ:EFII) Director Gill Cogan unloaded 7,873 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $40.90, for a total value of $322,005.70. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $596,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
EFII has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Electronics for Imaging in a research note on Monday, April 21st. They now have a $40.00 price target on the stock. Analysts at Brean Capital raised their price target on shares of Electronics for Imaging from $50.00 to $60.00 in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.28.
Shares of Electronics for Imaging (NASDAQ:EFII) traded down 0.37% during mid-day trading on Thursday, hitting $40.80. 206,389 shares of the company’s stock traded hands. Electronics for Imaging has a 52 week low of $27.07 and a 52 week high of $47.75. The stock’s 50-day moving average is $39.07 and its 200-day moving average is $40.51. The company has a market cap of $1.901 billion and a price-to-earnings ratio of 17.83.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.02. The company had revenue of $188.70 million for the quarter, compared to the consensus estimate of $186.36 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Electronics for Imaging will post $1.81 earnings per share for the current fiscal year.
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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