Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

A number of other research analysts also recently issued reports on the company. TheStreet downgraded Electronics for Imaging from a “b” rating to a “c+” rating in a report on Wednesday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price target (down from $54.00) on shares of Electronics for Imaging in a report on Wednesday, April 19th. Zacks Investment Research downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Longbow Research downgraded 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. Finally, Loop Capital initiated coverage on Electronics for Imaging in a report on Monday, July 24th. They issued a “buy” rating and a $58.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $54.67.

Shares of Electronics for Imaging (EFII) opened at 30.87 on Friday. Electronics for Imaging has a 52 week low of $25.99 and a 52 week high of $51.15. The company has a 50-day moving average price of $47.80 and a 200 day moving average price of $47.14. The stock has a market capitalization of $1.44 billion, a PE ratio of 30.50 and a beta of 1.23.

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In related news, CEO Guy Gecht sold 13,712 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 392,648 shares in the company, valued at approximately $18,678,265.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Georgens sold 25,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $46.56, for a total value of $1,164,000.00. Following the transaction, the director now owns 68,500 shares in the company, valued at $3,189,360. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,176 shares of company stock worth $3,563,183. 1.88% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Electronics for Imaging during the second quarter valued at $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $112,000 after buying an additional 1,037 shares during the period. Tyers Asset Management LLC increased its position 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 valued at $112,000 after buying an additional 196 shares during the period. Strs Ohio increased its position 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 valued at $112,000 after buying an additional 1,100 shares during the period. Finally, Acrospire Investment Management LLC increased its position 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 valued at $113,000 after buying an additional 1,405 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.

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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