E2open Parent (NYSE:ETWO) Sees Large Volume Increase - What's Next?

Key Points

• E2open Parent Holdings, Inc. (NYSE:ETWO) experienced a significant increase in trading volume, rising 265% to 14,646,155 shares on the most recent trading session.
• Analysts have mixed ratings on the stock, with one upgrade to a "buy" from Wall Street Zen, while others reduced price targets, leaving the average consensus target at $2.78.
• For the latest earnings report, E2open beat estimates with $0.05 EPS and reported a revenue of $152.30 million, exceeding analyst expectations.

Shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) saw strong trading volume on Friday . 14,646,155 shares changed hands during trading, an increase of 265% from the previous session's volume of 4,015,397 shares.The stock last traded at $3.31 and had previously closed at $3.30.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Morgan Stanley boosted their price target on E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Finally, UBS Group dropped their price target on E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, E2open Parent presently has an average rating of "Hold" and a consensus target price of $2.78.

E2open Parent Stock Performance

The stock has a 50-day moving average of $3.22 and a 200 day moving average of $2.66. The stock has a market cap of $1.14 billion, a PE ratio of -1.60 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.15.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its earnings results on Thursday, July 10th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $152.30 million for the quarter, compared to analyst estimates of $148.92 million. E2open Parent had a positive return on equity of 6.34% and a negative net margin of 104.26%. During the same quarter in the prior year, the firm earned $0.04 earnings per share. As a group, sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 is accessible through this link. Corporate insiders own 5.63% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its stake in shares of E2open Parent by 271.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,754 shares of the company's stock worth $38,000 after buying an additional 8,589 shares during the period. Bayesian Capital Management LP acquired a new position in E2open Parent in the 4th quarter valued at $35,000. Tidal Investments LLC acquired a new position in E2open Parent in the 4th quarter valued at $38,000. Teacher Retirement System of Texas acquired a new position in E2open Parent in the 1st quarter valued at $45,000. Finally, Greenleaf Trust acquired a new position in E2open Parent in the 2nd quarter valued at $93,000.

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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