E2open Parent Holdings, Inc. (NYSE:ETWO – Get Rating) shares gapped down prior to trading on Tuesday after UBS Group lowered their price target on the stock from $7.00 to $6.00. The stock had previously closed at $5.89, but opened at $5.73. E2open Parent shares last traded at $5.49, with a volume of 4,323 shares trading hands.
Other analysts also recently issued research reports about the stock. Redburn Partners assumed coverage on shares of E2open Parent in a report on Friday, December 16th. They set a "buy" rating for the company. The Goldman Sachs Group assumed coverage on shares of E2open Parent in a report on Friday, October 21st. They set a "neutral" rating and a $5.50 target price for the company. Craig Hallum reduced their target price on shares of E2open Parent to $10.50 in a report on Thursday, October 13th. Finally, Credit Suisse Group initiated coverage on shares of E2open Parent in a report on Friday, September 23rd. They set an "underperform" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.40.
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Insider Buying and Selling at E2open Parent
In other E2open Parent news, CEO Michael Farlekas sold 13,000 shares of the business's stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $5.83, for a total value of $75,790.00. Following the completion of the sale, the chief executive officer now owns 269,478 shares of the company's stock, valued at approximately $1,571,056.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 39,000 shares of company stock valued at $223,730 in the last quarter. Company insiders own 5.98% of the company's stock.
Institutional Trading of E2open Parent
A number of institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC raised its position in shares of E2open Parent by 92.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 17,138 shares of the company's stock valued at $133,000 after buying an additional 8,231 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new position in E2open Parent during the 2nd quarter worth approximately $1,333,000. Parametrica Management Ltd increased its position in E2open Parent by 57.0% during the 2nd quarter. Parametrica Management Ltd now owns 19,631 shares of the company's stock worth $153,000 after purchasing an additional 7,130 shares in the last quarter. Nomura Holdings Inc. increased its position in E2open Parent by 748.8% during the 2nd quarter. Nomura Holdings Inc. now owns 225,059 shares of the company's stock worth $1,803,000 after purchasing an additional 198,544 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in E2open Parent by 110.4% during the 2nd quarter. SG Americas Securities LLC now owns 33,373 shares of the company's stock worth $260,000 after purchasing an additional 17,509 shares in the last quarter.
E2open Parent Stock Performance
The stock's 50-day moving average is $5.74 and its 200-day moving average is $6.40. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -4.56, a PEG ratio of 0.96 and a beta of 0.50. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35.
E2open Parent (NYSE:ETWO – Get Rating) last released its quarterly earnings data on Tuesday, October 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). E2open Parent had a positive return on equity of 2.29% and a negative net margin of 63.61%. The company had revenue of $160.68 million for the quarter. On average, analysts predict that E2open Parent Holdings, Inc. will post 0.27 EPS for the current fiscal year.
E2open Parent Company Profile
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E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.
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