E2open Parent Holdings, Inc. (NYSE:ETWO) Given Average Recommendation of “Reduce” by Brokerages

Shares of E2open Parent Holdings, Inc. (NYSE:ETWOGet Free Report) have been given an average recommendation of “Reduce” by the eight analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $4.29.

ETWO has been the subject of several analyst reports. UBS Group boosted their target price on shares of E2open Parent from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Morgan Stanley began coverage on shares of E2open Parent in a research note on Wednesday, January 17th. They set an “equal weight” rating and a $4.00 price objective on the stock.

Check Out Our Latest Stock Analysis on ETWO

Institutional Trading of E2open Parent

Institutional investors and hedge funds have recently bought and sold shares of the business. Otter Creek Advisors LLC lifted its position in shares of E2open Parent by 2,527.2% during the fourth quarter. Otter Creek Advisors LLC now owns 608,148 shares of the company’s stock worth $2,670,000 after purchasing an additional 585,000 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of E2open Parent during the fourth quarter worth about $48,000. Norges Bank acquired a new position in shares of E2open Parent in the fourth quarter worth about $13,168,000. Beacon Pointe Advisors LLC purchased a new position in E2open Parent in the fourth quarter valued at about $57,000. Finally, Dimensional Fund Advisors LP grew its stake in E2open Parent by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,501,581 shares of the company’s stock valued at $19,764,000 after purchasing an additional 399,619 shares in the last quarter.

E2open Parent Stock Up 4.1 %

E2open Parent stock opened at $4.10 on Tuesday. The company has a market cap of $1.25 billion, a PE ratio of -0.95, a price-to-earnings-growth ratio of 16.58 and a beta of 0.98. E2open Parent has a 1-year low of $2.15 and a 1-year high of $6.90. The stock’s 50 day moving average price is $3.97 and its 200 day moving average price is $4.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96.

E2open Parent (NYSE:ETWOGet Free Report) last issued its quarterly earnings data on Tuesday, January 9th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. E2open Parent had a negative net margin of 202.58% and a positive return on equity of 3.21%. The firm had revenue of $157.50 million for the quarter. During the same period in the previous year, the company posted $0.06 earnings per share. On average, sell-side analysts predict that E2open Parent will post 0.18 EPS for the current fiscal year.

About E2open Parent

(Get Free Report

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.

Further Reading

Analyst Recommendations for E2open Parent (NYSE:ETWO)

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