Public Employees Retirement System of Ohio Acquires New Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Public Employees Retirement System of Ohio acquired a new stake in E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 112,000 shares of the company's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bayesian Capital Management LP acquired a new position in shares of E2open Parent during the 4th quarter worth approximately $35,000. Tidal Investments LLC acquired a new position in shares of E2open Parent in the 4th quarter valued at approximately $38,000. KLP Kapitalforvaltning AS bought a new stake in E2open Parent during the fourth quarter worth $86,000. Occudo Quantitative Strategies LP acquired a new stake in E2open Parent in the fourth quarter valued at about $101,000. Finally, Mariner LLC boosted its stake in shares of E2open Parent by 276.3% in the 4th quarter. Mariner LLC now owns 45,414 shares of the company's stock valued at $121,000 after purchasing an additional 33,345 shares in the last quarter.

Analyst Upgrades and Downgrades

ETWO has been the topic of several research reports. The Goldman Sachs Group reduced their price target on E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a report on Friday, March 28th. Morgan Stanley upped their price objective on shares of E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, UBS Group cut their price target on 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 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $2.78.

E2open Parent Stock Performance

Shares of ETWO remained flat at $3.23 on Monday. The company had a trading volume of 3,319,691 shares, compared to its average volume of 2,917,707. The business has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.55. The firm has a market capitalization of $1.11 billion, a PE ratio of -2.17, a PEG ratio of 1.05 and a beta of 1.27. E2open Parent Holdings, Inc. has a one year low of $1.75 and a one year high of $4.82. 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 (NYSE:ETWO - Get Free Report) last announced its 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. The firm had revenue of $153.50 million during the quarter, compared to analyst estimates of $153.01 million. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. Analysts forecast 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 stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total transaction of $98,251,137.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

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.