Electronics for Imaging, Inc. (EFII) Price Target Increased to $45.00 by Analysts at Needham & Company LLC
Electronics for Imaging, Inc. (NASDAQ:EFII) had its target price boosted by Needham & Company LLC from $38.00 to $45.00 in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the technology company’s stock.
A number of other equities research analysts have also recently commented on the stock. TheStreet upgraded shares of Electronics for Imaging from a c+ rating to a b- rating in a report on Monday, June 5th. BidaskClub downgraded shares of Electronics for Imaging from a strong-buy rating to a buy rating in a research report on Tuesday, June 27th. Loop Capital began coverage on shares of Electronics for Imaging in a report on Monday, July 24th. They issued a buy rating and a $58.00 price target on the stock. Aegis began coverage on shares of Electronics for Imaging in a report on Tuesday, June 13th. They issued a buy rating and a $58.00 price target on the stock. Finally, Cross Research downgraded shares of Electronics for Imaging from a buy rating to a hold rating and set a $55.00 price target on the stock. in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Electronics for Imaging presently has a consensus rating of Buy and an average price target of $53.57.
Electronics for Imaging (NASDAQ:EFII) traded down 1.92% during mid-day trading on Wednesday, reaching $39.25. 190,709 shares of the company were exchanged. The company has a market cap of $1.83 billion, a P/E ratio of 38.78 and a beta of 1.27. 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.
In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $48.21, for a total value of $662,694.66. Following the completion of the sale, 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 filing with the SEC, which is available through this link. Over the last three months, insiders sold 36,458 shares of company stock valued at $1,749,225. 1.88% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Lebenthal Lisanti Capital Growth LLC purchased a new stake in Electronics for Imaging in the 2nd quarter valued at about $1,664,000. Goldman Sachs Group Inc. boosted its position 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 valued at $125,342,000 after buying an additional 81,880 shares during the period. State of Wisconsin Investment Board boosted its position in 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 buying an additional 1,163 shares during the period. UBS Group AG boosted its position in 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 buying an additional 11,214 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in Electronics for Imaging in the 1st quarter valued at about $442,000.
Electronics for Imaging Company Profile
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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