Electronics for Imaging, Inc. (EFII) Downgraded to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Electronics for Imaging, Inc. (NASDAQ:EFII) from a hold rating to a sell rating in a report released 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. “
A number of other research firms have also weighed in on EFII. Longbow Research lowered Electronics for Imaging from a buy rating to a neutral rating in a report on Thursday, June 22nd. They noted that the move was a valuation call. Loop Capital initiated coverage on Electronics for Imaging in a report on Monday, July 24th. They set a buy rating and a $58.00 target price on the stock. BidaskClub downgraded Electronics for Imaging from a buy rating to a hold rating in a research note on Wednesday, July 19th. Aegis initiated coverage on Electronics for Imaging in a research note on Tuesday, June 13th. They issued a buy rating and a $58.00 price target for the company. Finally, ValuEngine upgraded Electronics for Imaging from a sell rating to a hold rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Electronics for Imaging currently has a consensus rating of Hold and an average target price of $53.50.
Electronics for Imaging (NASDAQ:EFII) traded up 0.18% during midday trading on Thursday, hitting $38.65. The stock had a trading volume of 230,715 shares. The firm has a 50-day moving average price of $38.10 and a 200-day moving average price of $45.16. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 38.19 and a beta of 1.27. Electronics for Imaging has a 1-year low of $25.54 and a 1-year high of $51.15.
In other news, CEO Guy Gecht sold 9,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at approximately $18,661,170. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 36,458 shares of company stock valued at $1,749,225. Corporate insiders own 1.88% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EFII. Walthausen & Co. LLC bought a new stake in shares of Electronics for Imaging during the 1st quarter valued at $18,413,000. Falcon Point Capital LLC bought a new stake in shares of Electronics for Imaging during the 2nd quarter valued at $14,015,000. RK Capital Management LLC bought a new stake in shares of Electronics for Imaging during the 2nd quarter valued at $13,271,000. Fred Alger Management Inc. bought a new stake in shares of Electronics for Imaging during the 2nd quarter valued at $10,746,000. Finally, Westfield Capital Management Co. LP lifted its position in shares of Electronics for Imaging by 33.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 789,935 shares of the technology company’s stock valued at $38,573,000 after acquiring an additional 198,800 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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