Morgan Stanley Raises E2open Parent (NYSE:ETWO) Price Target to $3.30

E2open Parent (NYSE:ETWO - Free Report) had its price objective upped by Morgan Stanley from $2.10 to $3.30 in a research report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

ETWO has been the topic of a number of other research reports. Wall Street Zen cut shares of E2open Parent from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group decreased their price objective on E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group dropped their target price on E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.78.

E2open Parent Stock Performance

Shares of ETWO traded up $0.01 during mid-day trading on Wednesday, hitting $3.21. The company's stock had a trading volume of 25,845,388 shares, compared to its average volume of 2,843,586. The stock's 50-day moving average is $2.31 and its two-hundred day moving average is $2.55. The firm has a market capitalization of $1.10 billion, a PE ratio of -2.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. E2open Parent has a one year low of $1.75 and a one year high of $4.82.

E2open Parent (NYSE:ETWO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.01 million. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. As a group, sell-side analysts anticipate that E2open Parent will post 0.19 EPS for the current year.

Insider Activity at E2open Parent

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $3.21, for a total value of $98,251,137.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On E2open Parent

Institutional investors have recently modified their holdings of the stock. Bayesian Capital Management LP acquired a new position in E2open Parent during the 4th quarter worth $35,000. Tidal Investments LLC acquired a new stake in shares of E2open Parent in the 4th quarter valued at $38,000. Teacher Retirement System of Texas bought a new stake in shares of E2open Parent during the first quarter worth $45,000. AQR Capital Management LLC lifted its stake in shares of E2open Parent by 88.1% during the first quarter. AQR Capital Management LLC now owns 42,673 shares of the company's stock valued at $85,000 after acquiring an additional 19,991 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of E2open Parent during the fourth quarter valued at $86,000.

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.