Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Electronics for Imaging, Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. Its products incorporate hardware and software technologies that transform digital copiers and printers from many leading copier manufacturers into fast, high-quality networked printers. The company’s products include stand-alone servers, which are connected to digital copiers and other peripheral devices, and controllers, which are embedded in digital copiers and desktop color laser printers. “

Several other equities research analysts also recently issued reports on the company. Loop Capital initiated coverage on Electronics for Imaging in a research report on Monday, July 24th. They set a “buy” rating and a $58.00 target price on the stock. Morgan Stanley downgraded Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research report on Friday, August 4th. Longbow Research downgraded Electronics for Imaging from a “neutral” rating to an “underperform” rating in a research report on Friday, August 4th. Sidoti downgraded Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Friday, August 4th. Finally, BidaskClub downgraded Electronics for Imaging from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $53.50.

Electronics for Imaging (EFII) traded down 3.60% during trading on Thursday, reaching $38.58. The company’s stock had a trading volume of 1,583,490 shares. Electronics for Imaging has a 12 month low of $25.54 and a 12 month high of $51.15. The stock’s 50 day moving average is $38.39 and its 200 day moving average is $45.21. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 38.12 and a beta of 1.27.

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In other news, CEO Guy Gecht sold 13,746 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $48.21, for a total value of $662,694.66. Following the transaction, the chief executive officer now owns 386,760 shares of the company’s stock, valued at $18,645,699.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 36,458 shares of company stock worth $1,749,225. Insiders own 1.88% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EFII. SG Americas Securities LLC bought a new position in shares of Electronics for Imaging in the second quarter worth $108,000. Tyers Asset Management LLC increased its holdings 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 worth $112,000 after purchasing an additional 196 shares during the period. Strs Ohio increased its holdings 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 worth $112,000 after purchasing an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 worth $112,000 after purchasing an additional 1,037 shares during the period. Finally, Acrospire Investment Management LLC increased its holdings 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 worth $113,000 after purchasing 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.

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Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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