Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a hold rating to a buy rating in a research report sent to investors on Monday. The firm currently has $33.00 price target on the technology company’s stock.
According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “
A number of other analysts have also weighed in on EFII. BidaskClub upgraded shares of Electronics For Imaging from a sell rating to a hold rating in a report on Tuesday, July 10th. ValuEngine upgraded shares of Electronics For Imaging from a hold rating to a buy rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Electronics For Imaging currently has an average rating of Hold and a consensus target price of $33.67.
Electronics For Imaging (NASDAQ:EFII) last posted its earnings results on Monday, October 29th. The technology company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The company had revenue of $257.10 million during the quarter, compared to analyst estimates of $263.24 million. Electronics For Imaging had a negative net margin of 2.29% and a positive return on equity of 0.50%. Electronics For Imaging’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Research analysts forecast that Electronics For Imaging will post 0.45 earnings per share for the current fiscal year.
In other Electronics For Imaging news, insider Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $34.78, for a total value of $313,020.00. Following the completion of the sale, the insider now directly owns 282,367 shares in the company, valued at $9,820,724.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.63% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of Electronics For Imaging by 45.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Electronics For Imaging during the second quarter valued at approximately $213,000. United Services Automobile Association purchased a new position in shares of Electronics For Imaging during the second quarter valued at approximately $231,000. Crossmark Global Holdings Inc. purchased a new position in shares of Electronics For Imaging during the second quarter valued at approximately $237,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Electronics For Imaging during the second quarter valued at approximately $281,000.
About Electronics For Imaging
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
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