Needham & Company LLC began coverage on shares of Electronics for Imaging Inc. (NASDAQ:EFII) in a research report sent to investors on Tuesday. The firm issued a buy rating and a $58.00 price target on the stock.
EFII has been the subject of several other reports. Brean Capital restated a buy rating and issued a $60.00 price target on shares of Electronics for Imaging in a research note on Friday, September 16th. Zacks Investment Research downgraded Electronics for Imaging from a hold rating to a sell rating in a research note on Friday, July 29th. William Blair assumed coverage on Electronics for Imaging in a research note on Friday, September 9th. They issued an outperform rating for the company. TheStreet upgraded Electronics for Imaging from a hold rating to a buy rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus assumed coverage on Electronics for Imaging in a research note on Thursday, August 25th. They issued a buy rating and a $53.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Electronics for Imaging presently has a consensus rating of Buy and an average target price of $53.38.
Shares of Electronics for Imaging (NASDAQ:EFII) opened at 48.92 on Tuesday. The stock has a 50 day moving average price of $47.02 and a 200-day moving average price of $43.73. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 84.20 and a beta of 1.29. Electronics for Imaging has a 52 week low of $35.88 and a 52 week high of $50.09.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Monday, July 25th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Electronics for Imaging had a return on equity of 7.78% and a net margin of 2.87%. The business had revenue of $346 million for the quarter, compared to the consensus estimate of $247.61 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts forecast that Electronics for Imaging will post $2.45 earnings per share for the current year.
In other news, CEO Guy Gecht sold 36,023 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $45.40, for a total transaction of $1,635,444.20. Following the completion of the transaction, the chief executive officer now owns 448,213 shares of the company’s stock, valued at approximately $20,348,870.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.24% of the company’s stock.
Several institutional investors have recently bought and sold shares of EFII. BlackRock Inc. boosted its position in shares of Electronics for Imaging by 128.9% in the first quarter. BlackRock Inc. now owns 3,108 shares of the company’s stock worth $132,000 after buying an additional 1,750 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Electronics for Imaging by 3,391.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,491 shares of the company’s stock worth $151,000 after buying an additional 3,391 shares during the last quarter. Strs Ohio boosted its position in shares of Electronics for Imaging by 40.7% in the second quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $163,000 after buying an additional 1,100 shares during the last quarter. Capital Investment Counsel Inc purchased a new position in shares of Electronics for Imaging during the second quarter worth about $202,000. Finally, HBK Investments L P purchased a new position in shares of Electronics for Imaging during the first quarter worth about $208,000.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc (EFI) 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. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery.
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