Loop Capital began coverage on shares of Electronics for Imaging, Inc. (NASDAQ:EFII) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 target price (down from $54.00) on shares of Electronics for Imaging in a report on Wednesday, April 19th. Longbow Research downgraded shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub downgraded shares of Electronics for Imaging from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Aegis began coverage on shares of Electronics for Imaging in a report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $54.00.

Shares of Electronics for Imaging (EFII) traded up 0.49% on Monday, reaching $48.86. 292,865 shares of the company’s stock were exchanged. The company has a market capitalization of $2.27 billion, a P/E ratio of 48.28 and a beta of 1.22. The stock’s 50-day moving average price is $48.37 and its 200-day moving average price is $47.00. Electronics for Imaging has a 1-year low of $40.72 and a 1-year high of $51.15.

Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Thursday, April 20th. The technology company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Electronics for Imaging had a net margin of 4.96% and a return on equity of 7.77%. The company had revenue of $228.70 million for the quarter, compared to the consensus estimate of $239.19 million. During the same period in the previous year, the firm earned $0.55 EPS. Electronics for Imaging’s revenue was down 2.3% on a year-over-year basis. Analysts anticipate that Electronics for Imaging will post $2.59 EPS for the current fiscal year.

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In other news, Director Thomas Georgens sold 25,000 shares of Electronics for Imaging stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $46.56, for a total value of $1,164,000.00. Following the transaction, the director now directly owns 68,500 shares of the company’s stock, valued at $3,189,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Guy Gecht sold 13,712 shares of Electronics for Imaging stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $47.57, for a total transaction of $652,279.84. Following the completion of the transaction, the chief executive officer now directly owns 392,648 shares in the company, valued at $18,678,265.36. The disclosure for this sale can be found here. Insiders sold a total of 66,126 shares of company stock worth $3,098,994 over the last quarter. Insiders own 1.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in Electronics for Imaging by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 5,150 shares of the technology company’s stock valued at $251,000 after buying an additional 90 shares during the period. 1st Global Advisors Inc. increased its position in Electronics for Imaging by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 6,942 shares of the technology company’s stock valued at $339,000 after buying an additional 99 shares during the period. Louisiana State Employees Retirement System increased its position in Electronics for Imaging by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the technology company’s stock valued at $923,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its position in Electronics for Imaging by 0.4% in the first quarter. Arizona State Retirement System now owns 24,169 shares of the technology company’s stock valued at $1,180,000 after buying an additional 100 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in Electronics for Imaging by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,690 shares of the technology company’s stock valued at $522,000 after buying an additional 100 shares during the period.

Electronics for Imaging Company Profile

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.

The Fly

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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