E2open Parent (NYSE:ETWO) Upgraded to "Buy" at Wall Street Zen

E2open Parent (NYSE:ETWO - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

ETWO has been the subject of several other research reports. The Goldman Sachs Group dropped their price target 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. UBS Group dropped 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 note on Wednesday, April 30th. Finally, Morgan Stanley lifted their price objective on shares of E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, E2open Parent has an average rating of "Hold" and a consensus target price of $2.78.

E2open Parent Stock Up 0.3%

Shares of NYSE:ETWO traded up $0.01 during trading on Friday, hitting $3.21. The company's stock had a trading volume of 25,845,388 shares, compared to its average volume of 2,841,572. The business has a 50 day moving average price of $2.31 and a two-hundred day moving average price of $2.55. The company has a market capitalization of $1.10 billion, a PE ratio of -2.15, 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. E2open Parent has a fifty-two week low of $1.75 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $153.50 million during 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, research analysts expect that E2open Parent will post 0.19 EPS for the current fiscal year.

Insider Transactions at E2open Parent

In related news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business'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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.70% of the company's stock.

Institutional Investors Weigh In On E2open Parent

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