E2open Parent (NYSE:ETWO) Sees Large Volume Increase - Time to Buy?

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 3,537,501 shares traded hands during mid-day trading, an increase of 19% from the previous session's volume of 2,977,808 shares.The stock last traded at $3.24 and had previously closed at $3.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price target on shares of E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley upped their price target on shares of E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. The Goldman Sachs Group dropped their price target on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research note on Friday, March 28th. Finally, Wall Street Zen upgraded shares of E2open Parent from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $2.78.

E2open Parent Stock Up 0.3%

The stock has a market cap of $1.11 billion, a P/E ratio of -1.51 and a beta of 1.27. The company's 50 day moving average price is $2.75 and its two-hundred day moving average price is $2.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.18.

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, topping analysts' consensus estimates of $0.05 by $0.01. E2open Parent had a negative net margin of 108.58% and a positive return on equity of 5.59%. The company had revenue of $153.50 million for the quarter, compared to analysts' expectations of $153.01 million. Equities analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Insider Buying and Selling at E2open Parent

In related news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the firm's stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.63% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ETWO. Bayesian Capital Management LP bought a new stake in shares of E2open Parent during the fourth quarter worth $35,000. Tidal Investments LLC bought a new stake in shares of E2open Parent in the fourth quarter valued at about $38,000. Teacher Retirement System of Texas bought a new stake in shares of E2open Parent in the first quarter valued at about $45,000. KLP Kapitalforvaltning AS bought a new stake in shares of E2open Parent in the fourth quarter valued at about $86,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of E2open Parent in the fourth quarter valued at about $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.