Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by investment analysts at Longbow Research from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday.

A number of other analysts also recently commented on EFII. Needham & Company LLC reiterated a “buy” rating and set a $53.00 target price (down from $54.00) on shares of Electronics for Imaging in a research report on Wednesday, April 19th. Zacks Investment Research downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. TheStreet downgraded Electronics for Imaging from a “b” rating to a “c+” rating in a research report on Wednesday, May 3rd. ValuEngine downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Electronics for Imaging in a research 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.67.

Electronics for Imaging (EFII) opened at 30.87 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 30.50 and a beta of 1.23. Electronics for Imaging has a one year low of $25.99 and a one year high of $51.15. The firm has a 50-day moving average price of $47.80 and a 200-day moving average price of $47.14.

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In other news, CEO Guy Gecht sold 9,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total value of $434,250.00. Following the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,661,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Georgens sold 25,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 68,500 shares in the company, valued at $3,189,360. The disclosure for this sale can be found here. Insiders sold 75,176 shares of company stock worth $3,563,183 over the last 90 days. Company insiders own 1.88% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Walthausen & Co. LLC bought a new stake in shares of Electronics for Imaging during the first quarter valued at about $18,413,000. Norges Bank bought a new stake in shares of Electronics for Imaging during the fourth quarter valued at about $12,991,000. Falcon Point Capital LLC bought a new stake in shares of Electronics for Imaging during the second quarter valued at about $14,015,000. Westfield Capital Management Co. LP increased its stake in shares of Electronics for Imaging by 33.6% in the first quarter. Westfield Capital Management Co. LP now owns 789,935 shares of the technology company’s stock valued at $38,573,000 after buying an additional 198,800 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Electronics for Imaging by 52.7% in the second quarter. Rice Hall James & Associates LLC now owns 569,125 shares of the technology company’s stock valued at $26,965,000 after buying an additional 196,355 shares in the last quarter.

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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