Electronics for Imaging, Inc. (NASDAQ:EFII) had its price objective upped by analysts at Morgan Stanley from $28.00 to $29.00 in a report released on Friday. The brokerage presently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s target price points to a potential downside of 24.08% from the company’s current price.

EFII has been the topic of several other reports. Longbow Research cut Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Loop Capital began coverage on Electronics for Imaging in a research report on Monday, July 24th. They issued a “buy” rating and a $58.00 target price on the stock. BidaskClub cut Electronics for Imaging from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Aegis began coverage on Electronics for Imaging in a research report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.78.

Electronics for Imaging (NASDAQ EFII) traded down 0.98% during midday trading on Friday, reaching $38.20. 839,221 shares of the company’s stock traded hands. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The stock has a market cap of $1.78 billion, a PE ratio of 37.75 and a beta of 1.27. The stock’s 50 day moving average price is $38.10 and its 200-day moving average price is $45.16.

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In other news, CEO Guy Gecht sold 13,746 shares of Electronics for Imaging stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $48.21, for a total transaction of $662,694.66. Following the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at approximately $18,645,699.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 36,458 shares of company stock worth $1,749,225. Insiders own 1.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Electronics for Imaging by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock worth $199,125,000 after purchasing an additional 34,640 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Electronics for Imaging by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock worth $125,342,000 after purchasing an additional 81,880 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in Electronics for Imaging by 2.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,011,800 shares of the technology company’s stock worth $98,236,000 after purchasing an additional 54,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Electronics for Imaging by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,990,609 shares of the technology company’s stock worth $97,201,000 after purchasing an additional 82,956 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Electronics for Imaging by 13.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,375,814 shares of the technology company’s stock worth $67,181,000 after purchasing an additional 163,747 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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