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

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

Several other research firms have also commented on ETWO. The Goldman Sachs Group dropped their target price on E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a report on Friday, March 28th. UBS Group decreased their target price on E2open Parent from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted their price objective on E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $2.78.

E2open Parent Trading Down 0.2%

NYSE ETWO traded down $0.01 on Friday, hitting $3.23. 4,202,869 shares of the stock were exchanged, compared to its average volume of 2,871,466. 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 stock has a fifty day moving average price of $2.35 and a two-hundred day moving average price of $2.55. The firm has a market capitalization of $1.11 billion, a P/E ratio of -2.16, a P/E/G ratio of 1.05 and a beta of 1.04. E2open Parent has a 52-week low of $1.75 and a 52-week high of $4.82.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share 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 analysts' expectations of $153.01 million. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. Research analysts forecast that E2open Parent will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at E2open Parent

In related 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 legal filing with the SEC, which is available at this link. 4.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its position in E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock valued at $227,000 after purchasing an additional 13,489 shares during the period. Gagnon Securities LLC grew its stake in E2open Parent by 37.6% in the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company's stock worth $5,806,000 after purchasing an additional 596,425 shares in the last quarter. Gagnon Advisors LLC grew its stake in E2open Parent by 50.0% in the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company's stock worth $3,115,000 after purchasing an additional 390,372 shares in the last quarter. Empowered Funds LLC boosted its stake in E2open Parent by 5.1% in the fourth quarter. Empowered Funds LLC now owns 1,070,416 shares of the company's stock valued at $2,847,000 after acquiring an additional 52,411 shares during the period. Finally, Rhumbline Advisers boosted its stake in E2open Parent by 7.6% in the fourth quarter. Rhumbline Advisers now owns 310,057 shares of the company's stock valued at $825,000 after acquiring an additional 21,800 shares during the period.

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.