E2open Parent (NYSE:ETWO) Given New $3.30 Price Target at Morgan Stanley

E2open Parent (NYSE:ETWO - Get Free Report) had its target price increased by Morgan Stanley from $2.10 to $3.30 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 2.64% from the company's previous close.

Several other analysts have also commented on the stock. The Goldman Sachs Group lowered their price objective on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a report on Friday, March 28th. Wall Street Zen downgraded shares of E2open Parent from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group reduced their price target on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $2.78.

E2open Parent Stock Performance

Shares of NYSE:ETWO traded up $0.02 during trading on Wednesday, hitting $3.22. 12,934,498 shares of the company were exchanged, compared to its average volume of 2,610,926. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. E2open Parent has a 52-week low of $1.75 and a 52-week high of $4.92. The company has a market cap of $1.11 billion, a PE ratio of -2.16, a P/E/G ratio of 1.05 and a beta of 1.04. The stock has a 50 day moving average of $2.26 and a 200 day moving average of $2.55.

E2open Parent (NYSE:ETWO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. The business had revenue of $153.50 million for the quarter, compared to analysts' expectations of $153.01 million. As a group, equities research analysts predict that E2open Parent will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ETWO. Bayesian Capital Management LP purchased a new position in E2open Parent in the fourth quarter valued at $35,000. Tidal Investments LLC acquired a new position in shares of E2open Parent in the 4th quarter valued at $38,000. Teacher Retirement System of Texas acquired a new stake in E2open Parent during the 1st quarter worth $45,000. KLP Kapitalforvaltning AS acquired a new stake in E2open Parent during the 4th quarter worth $86,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of E2open Parent in the 4th quarter worth $101,000.

About E2open Parent

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.

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