E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) saw strong trading volume on Wednesday . 6,389,821 shares traded hands during mid-day trading, an increase of 147% from the previous session's volume of 2,585,833 shares.The stock last traded at $3.21 and had previously closed at $3.20.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. The Goldman Sachs Group lowered their target price on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research note on Friday, March 28th. Morgan Stanley lowered their target price on shares of E2open Parent from $3.00 to $2.30 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen cut shares of E2open Parent from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group lowered their target price on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $2.53.
Read Our Latest Report on ETWO
E2open Parent Trading Up 0.5%
The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -2.16, a P/E/G 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. The business has a fifty day moving average price of $2.26 and a 200 day moving average price of $2.55.
E2open Parent (NYSE:ETWO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.01 million. As a group, equities analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.
Institutional Trading of E2open Parent
Several large investors have recently added to or reduced their stakes in ETWO. Norges Bank purchased a new position in E2open Parent in the 4th quarter valued at about $6,151,000. Nomura Holdings Inc. boosted its position in E2open Parent by 15.7% in the 4th quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company's stock valued at $39,169,000 after buying an additional 1,994,267 shares during the last quarter. Gagnon Securities LLC boosted its position in E2open Parent by 75.0% in the 1st quarter. Gagnon Securities LLC now owns 3,820,311 shares of the company's stock valued at $7,641,000 after buying an additional 1,637,418 shares during the last quarter. Millennium Management LLC boosted its position in E2open Parent by 285.8% in the 1st quarter. Millennium Management LLC now owns 1,856,005 shares of the company's stock valued at $3,712,000 after buying an additional 1,374,985 shares during the last quarter. Finally, Gagnon Advisors LLC boosted its position in E2open Parent by 100.0% in the 1st quarter. Gagnon Advisors LLC now owns 2,342,234 shares of the company's stock valued at $4,684,000 after buying an additional 1,171,117 shares during the last quarter.
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 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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