Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by stock analysts at Cross Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

Several other analysts have also weighed in on EFII. Needham & Company LLC reissued a “buy” rating and issued a $53.00 target price (down previously from $54.00) on shares of Electronics for Imaging in a report on Wednesday, April 19th. Zacks Investment Research lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. TheStreet lowered Electronics for Imaging from a “b” rating to a “c+” rating in a report on Wednesday, May 3rd. ValuEngine lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, William Blair reissued an “outperform” rating on shares of Electronics for Imaging in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Electronics for Imaging currently has a consensus rating of “Hold” and a consensus target price of $54.67.

Shares of Electronics for Imaging (NASDAQ:EFII) traded down 45.34% on Friday, reaching $26.05. The company’s stock had a trading volume of 18,300,987 shares. The company has a 50 day moving average of $48.54 and a 200 day moving average of $47.28. Electronics for Imaging has a 1-year low of $25.99 and a 1-year high of $51.15. The stock has a market capitalization of $1.21 billion, a P/E ratio of 25.74 and a beta of 1.23.

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In related news, Director Thomas Georgens sold 25,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $46.56, for a total transaction of $1,164,000.00. Following the transaction, the director now directly owns 68,500 shares in the company, valued at $3,189,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Guy Gecht sold 9,000 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $48.25, for a total value of $434,250.00. Following the transaction, the chief executive officer now owns 386,760 shares in the company, valued at $18,661,170. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,176 shares of company stock worth $3,563,183. Corporate insiders own 1.88% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Electronics for Imaging during the second quarter valued at $108,000. Strs Ohio increased its position in 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. Tyers Asset Management LLC increased its position in 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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. Finally, Acrospire Investment Management LLC increased its position in 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.

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.

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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