E2open Parent (NYSE:ETWO) Trading 3.9% Higher

E2open Parent Holdings, Inc. (NYSE:ETWO) shares were up 3.9% during trading on Friday . The company traded as high as $4.55 and last traded at $4.54. Approximately 246,458 shares changed hands during trading, a decline of 87% from the average daily volume of 1,930,288 shares. The stock had previously closed at $4.37.

Analysts Set New Price Targets

ETWO has been the topic of a number of recent research reports. UBS Group dropped their target price on E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a report on Thursday, July 11th. The Goldman Sachs Group dropped their price objective on E2open Parent from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th.

E2open Parent Trading Up 3.0 %

The stock’s 50 day simple moving average is $4.39 and its two-hundred day simple moving average is $4.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $1.53 billion, a PE ratio of -1.69, a PEG ratio of 1.39 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Wednesday, July 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. The firm had revenue of $151.16 million for the quarter, compared to the consensus estimate of $155.48 million. During the same period last year, the company posted $0.05 earnings per share. On average, sell-side analysts expect that E2open Parent Holdings, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On E2open Parent

Several large investors have recently modified their holdings of the business. Nomura Holdings Inc. grew its stake in E2open Parent by 908.4% in the 4th quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company’s stock valued at $70,677,000 after buying an additional 14,503,050 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of E2open Parent during the 2nd quarter valued at $31,460,000. Sea Cliff Partners Management LP bought a new stake in shares of E2open Parent during the 4th quarter valued at $14,020,000. Norges Bank bought a new position in E2open Parent in the 4th quarter worth about $13,168,000. Finally, Vanguard Group Inc. grew its holdings in E2open Parent by 12.9% during the 1st quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after buying an additional 2,823,090 shares in the last quarter.

E2open Parent Company Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.