Electronics for Imaging, Inc. (EFII) Stock Rating Reaffirmed by Citigroup Inc.
Electronics for Imaging, Inc. (NASDAQ:EFII)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a note issued to investors on Thursday, MarketBeat reports. They presently have a $53.00 price objective on the technology company’s stock. Citigroup Inc.’s price target indicates a potential upside of 38.74% from the company’s current price.
EFII has been the subject of several other research reports. Morgan Stanley lowered Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 4th. ValuEngine raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Longbow Research lowered Electronics for Imaging from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Electronics for Imaging in a research note on Wednesday. Finally, BidaskClub lowered Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.78.
Electronics for Imaging (NASDAQ EFII) opened at 38.20 on Thursday. The firm has a 50-day moving average price of $37.79 and a 200-day moving average price of $45.11. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The firm has a market cap of $1.78 billion, a PE ratio of 37.75 and a beta of 1.27.
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In other news, CEO Guy Gecht sold 9,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 386,760 shares of the company’s stock, valued at approximately $18,661,170. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 36,458 shares of company stock valued at $1,749,225. 1.88% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lebenthal Lisanti Capital Growth LLC bought a new stake in shares of Electronics for Imaging in the 2nd quarter valued at about $1,664,000. Goldman Sachs Group Inc. lifted its stake in shares of 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 valued at $125,342,000 after acquiring an additional 81,880 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Electronics for Imaging by 0.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 145,570 shares of the technology company’s stock valued at $6,897,000 after acquiring an additional 1,163 shares during the last quarter. UBS Group AG lifted its stake in shares of Electronics for Imaging by 2,651.1% in the 1st quarter. UBS Group AG now owns 11,637 shares of the technology company’s stock valued at $568,000 after acquiring an additional 11,214 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Electronics for Imaging in the 1st quarter valued at about $442,000.
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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