Analysts Set E2open Parent Holdings, Inc. (NYSE:ETWO) Price Target at $4.29

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) has earned a consensus recommendation of "Reduce" from the eight analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.29.

ETWO has been the subject of a number of analyst reports. UBS Group boosted their price target on E2open Parent from $4.00 to $4.50 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Morgan Stanley initiated coverage on E2open Parent in a report on Wednesday, January 17th. They issued an "equal weight" rating and a $4.00 price target for the company.

Institutional Investors Weigh In On E2open Parent

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in E2open Parent during the second quarter valued at about $25,000. Cubist Systematic Strategies LLC grew its position in E2open Parent by 513.9% during the first quarter. Cubist Systematic Strategies LLC now owns 5,863 shares of the company's stock valued at $34,000 after acquiring an additional 4,908 shares during the period. Quantbot Technologies LP purchased a new stake in shares of E2open Parent in the second quarter worth about $35,000. Hsbc Holdings PLC purchased a new stake in shares of E2open Parent in the fourth quarter worth about $48,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of E2open Parent in the fourth quarter worth about $55,000.

E2open Parent Price Performance

Shares of E2open Parent stock traded up $0.07 during trading on Wednesday, reaching $4.20. The company's stock had a trading volume of 1,367,506 shares, compared to its average volume of 1,942,016. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. E2open Parent has a 12-month low of $2.15 and a 12-month high of $6.90. The company has a market capitalization of $1.28 billion, a P/E ratio of -0.96, a price-to-earnings-growth ratio of 17.24 and a beta of 1.02. The business has a 50 day moving average price of $4.10 and a 200-day moving average price of $3.88.

E2open Parent (NYSE:ETWO - Get Free Report) last posted its quarterly earnings results on Tuesday, January 9th. The company reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates of $0.04. E2open Parent had a positive return on equity of 3.21% and a negative net margin of 202.58%. The firm had revenue of $157.50 million for the quarter. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, sell-side analysts anticipate that E2open Parent will post 0.18 EPS for the current year.

E2open Parent Company Profile

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.