Electronics for Imaging, Inc. (EFII) Coverage Initiated at Loop Capital

Equities researchers at Loop Capital initiated coverage on shares of Electronics for Imaging, Inc. (NASDAQ:EFII) in a note issued to investors on Monday, July 24th, Marketbeat reports. The brokerage set a “buy” rating and a $58.00 price target on the technology company’s stock. Loop Capital’s target price suggests a potential upside of 74.96% from the company’s current price.

Other analysts have also recently issued research reports about the company. Aegis assumed coverage on Electronics for Imaging in a report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $53.00 price objective (down from $54.00) on shares of Electronics for Imaging in a research note on Wednesday, April 19th. Longbow Research lowered Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, BidaskClub lowered Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Electronics for Imaging has a consensus rating of “Hold” and a consensus target price of $52.57.

Electronics for Imaging (EFII) opened at 33.15 on Monday. The company has a market capitalization of $1.54 billion, a P/E ratio of 32.76 and a beta of 1.23. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The firm has a 50-day moving average of $43.03 and a 200 day moving average of $46.19.

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In related news, CEO Guy Gecht sold 13,746 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $48.21, for a total transaction of $662,694.66. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 50,176 shares of company stock worth $2,399,183 over the last three months. 1.88% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in EFII. Vanguard Group Inc. raised its position in shares of Electronics for Imaging by 0.8% in the second quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock worth $199,125,000 after buying an additional 34,640 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Electronics for Imaging by 4.0% in the first quarter. Ameriprise Financial Inc. now owns 2,717,897 shares of the technology company’s stock worth $132,715,000 after buying an additional 105,409 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Electronics for Imaging by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock worth $125,342,000 after buying an additional 81,880 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of Electronics for Imaging by 2.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,011,800 shares of the technology company’s stock worth $98,236,000 after buying an additional 54,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Electronics for Imaging by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,990,609 shares of the technology company’s stock worth $97,201,000 after buying an additional 82,956 shares during 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.

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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