Electronics For Imaging, Inc. (NASDAQ:EFII)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research report issued on Wednesday. They currently have a $53.00 price objective on the technology company’s stock, down from their prior price objective of $54.00. Needham & Company LLC’s price target would suggest a potential upside of 4.23% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Electronics For Imaging from a “hold” rating to a “sell” rating in a report on Wednesday, March 22nd. Stifel Nicolaus reduced their price target on Electronics For Imaging from $53.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 26th. Finally, TheStreet raised Electronics For Imaging from a “c+” rating to a “b” rating in a report on Wednesday, February 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.33.
Shares of Electronics For Imaging (NASDAQ:EFII) opened at 50.85 on Wednesday. Electronics For Imaging has a 1-year low of $38.00 and a 1-year high of $51.15. The stock has a 50 day moving average price of $47.73 and a 200-day moving average price of $45.38. The stock has a market capitalization of $2.36 billion, a PE ratio of 53.53 and a beta of 1.31.
Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Thursday, April 20th. The technology company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Electronics For Imaging had a return on equity of 7.34% and a net margin of 4.57%. The firm had revenue of $228.70 million for the quarter, compared to the consensus estimate of $239.19 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, analysts forecast that Electronics For Imaging will post $2.69 earnings per share for the current year.
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In other Electronics For Imaging news, CEO Guy Gecht sold 14,967 shares of the stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $45.47, for a total transaction of $680,549.49. Following the completion of the transaction, the chief executive officer now owns 419,373 shares of the company’s stock, valued at $19,068,890.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 51,391 shares of company stock valued at $2,387,035 in the last three months. Insiders own 2.24% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC bought a new stake in Electronics For Imaging during the third quarter valued at approximately $27,390,000. Vaughan Nelson Investment Management L.P. boosted its stake in Electronics For Imaging by 88.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 658,050 shares of the technology company’s stock valued at $32,191,000 after buying an additional 309,200 shares in the last quarter. Norges Bank bought a new stake in Electronics For Imaging during the fourth quarter valued at approximately $12,991,000. Unterberg Capital LLC bought a new stake in Electronics For Imaging during the fourth quarter valued at approximately $6,034,000. Finally, Dimensional Fund Advisors LP boosted its stake in Electronics For Imaging by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,907,653 shares of the technology company’s stock valued at $83,670,000 after buying an additional 116,186 shares in the last quarter.
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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