Equities researchers at Needham & Company LLC began coverage on shares of Electronics for Imaging Inc. (NASDAQ:EFII) in a report released on Tuesday. The firm set a “buy” rating and a $58.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 18.13% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. Brean Capital reissued a “buy” rating on shares of Electronics for Imaging in a research report on Thursday, June 2nd. Zacks Investment Research cut Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Stifel Nicolaus assumed coverage on Electronics for Imaging in a research report on Thursday, August 25th. They issued a “buy” rating and a $53.00 price objective on the stock. William Blair assumed coverage on Electronics for Imaging in a research report on Friday, September 9th. They issued an “outperform” rating on the stock. Finally, TheStreet raised Electronics for Imaging from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $53.38.
Shares of Electronics for Imaging (NASDAQ:EFII) opened at 49.10 on Tuesday. The firm has a market cap of $2.29 billion, a P/E ratio of 84.51 and a beta of 1.26. The stock has a 50 day moving average of $46.72 and a 200 day moving average of $43.65. 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 announced its earnings results on Monday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $346 million for the quarter, compared to analysts’ expectations of $247.61 million. Electronics for Imaging had a net margin of 2.87% and a return on equity of 7.78%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Analysts anticipate that Electronics for Imaging will post $2.45 earnings per share for the current fiscal year.
In related 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 sale, the chief executive officer now directly owns 448,213 shares in the company, valued at approximately $20,348,870.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.24% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in 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 raised its stake in 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 raised its stake in 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 bought a new stake in Electronics for Imaging during the second quarter worth about $202,000. Finally, HBK Investments L P bought a new stake in 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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