Electronics for Imaging, Inc. (EFII) Downgraded to “Sell” at ValuEngine
Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.
Several other analysts have also recently weighed in on EFII. TheStreet upgraded shares of Electronics for Imaging from a “c+” rating to a “b-” rating in a research note on Monday, June 5th. William Blair reiterated an “outperform” rating on shares of Electronics for Imaging in a research note on Monday, June 12th. Aegis initiated coverage on shares of Electronics for Imaging in a research note on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price objective for the company. Zacks Investment Research upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Longbow Research cut shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.78.
Electronics for Imaging (NASDAQ:EFII) traded down 0.98% during mid-day trading on Friday, reaching $38.20. 839,221 shares of the company were exchanged. Electronics for Imaging has a 12-month low of $25.54 and a 12-month high of $51.15. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 37.75 and a beta of 1.27. The company’s 50 day moving average price is $37.79 and its 200-day moving average price is $45.11.
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In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $48.25, for a total value of $434,250.00. Following the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at approximately $18,661,170. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders 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 have recently added to or reduced their stakes in the business. 1st Global Advisors Inc. increased its holdings in Electronics for Imaging by 11.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,715 shares of the technology company’s stock valued at $366,000 after buying an additional 773 shares during the period. Piedmont Investment Advisors LLC bought a new position in Electronics for Imaging in the 2nd quarter valued at about $476,000. Westwood Holdings Group Inc. increased its holdings in Electronics for Imaging by 7.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,055,845 shares of the technology company’s stock valued at $49,629,000 after buying an additional 75,045 shares during the period. Castleark Management LLC bought a new position in Electronics for Imaging in the 2nd quarter valued at about $8,723,000. Finally, State Street Corp increased its holdings in Electronics for Imaging by 3.7% in the 2nd quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock valued at $55,217,000 after buying an additional 41,326 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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