BidaskClub upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a report published on Friday morning.

Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Electronics For Imaging from a buy rating to a hold rating in a report on Monday, August 13th. TheStreet upgraded Electronics For Imaging from a d+ rating to a c rating in a report on Tuesday, May 29th. Finally, Zacks Investment Research upgraded Electronics For Imaging from a hold rating to a strong-buy rating and set a $38.00 price target on the stock in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $38.13.

EFII opened at $34.70 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 433.75, a PEG ratio of 25.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.15 and a current ratio of 2.55. Electronics For Imaging has a 1-year low of $25.28 and a 1-year high of $43.89.

Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Monday, July 30th. The technology company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $261.07 million during the quarter, compared to analyst estimates of $263.72 million. Electronics For Imaging had a positive return on equity of 0.50% and a negative net margin of 2.29%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. equities research analysts forecast that Electronics For Imaging will post 0.45 earnings per share for the current fiscal year.

In related news, insider Guy Gecht sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $34.78, for a total value of $313,020.00. Following the sale, the insider now owns 282,367 shares of the company’s stock, valued at approximately $9,820,724.26. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 27,000 shares of company stock worth $917,100. 1.63% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Formula Growth Ltd. lifted its stake in Electronics For Imaging by 25.9% in the 2nd quarter. Formula Growth Ltd. now owns 1,083,327 shares of the technology company’s stock valued at $35,273,000 after buying an additional 222,833 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Electronics For Imaging during the 2nd quarter worth $6,141,000. Senvest Management LLC purchased a new position in shares of Electronics For Imaging during the 2nd quarter worth $12,292,000. Xact Kapitalforvaltning AB purchased a new position in shares of Electronics For Imaging during the 2nd quarter worth $281,000. Finally, FDx Advisors Inc. purchased a new position in shares of Electronics For Imaging during the 2nd quarter worth $306,000.

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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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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