E2open Parent Holdings, Inc. (NYSE:ETWO) Given Consensus Rating of “Reduce” by Brokerages

E2open Parent Holdings, Inc. (NYSE:ETWOGet Free Report) has been given an average recommendation of “Reduce” by the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $4.29.

ETWO has been the topic of a number of research reports. Morgan Stanley started coverage on E2open Parent in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $4.00 target price on the stock. UBS Group lifted their target price on shares of E2open Parent from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th.

View Our Latest Stock Report on E2open Parent

E2open Parent Price Performance

Shares of E2open Parent stock opened at $4.10 on Tuesday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -0.95, a price-to-earnings-growth ratio of 16.58 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The company has a 50-day simple moving average of $3.97 and a two-hundred day simple moving average of $4.04. E2open Parent has a twelve month low of $2.15 and a twelve month high of $6.90.

E2open Parent (NYSE:ETWOGet Free Report) last posted its earnings results on Tuesday, January 9th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. E2open Parent had a negative net margin of 202.58% and a positive return on equity of 3.21%. The firm had revenue of $157.50 million for the quarter. During the same period in the previous year, the firm earned $0.06 earnings per share. Analysts forecast that E2open Parent will post 0.18 EPS for the current year.

Institutional Trading of E2open Parent

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of E2open Parent by 6.1% in the first quarter. Vanguard Group Inc. now owns 24,665,559 shares of the company’s stock worth $217,305,000 after acquiring an additional 1,422,730 shares during the period. Morgan Stanley increased its stake in shares of E2open Parent by 16.0% in the 4th quarter. Morgan Stanley now owns 18,283,194 shares of the company’s stock worth $107,322,000 after purchasing an additional 2,524,670 shares in the last quarter. Eminence Capital LP raised its holdings in E2open Parent by 3.3% in the 3rd quarter. Eminence Capital LP now owns 17,432,295 shares of the company’s stock worth $79,143,000 after purchasing an additional 551,532 shares during the period. BlackRock Inc. lifted its position in E2open Parent by 3.4% during the second quarter. BlackRock Inc. now owns 14,667,758 shares of the company’s stock valued at $82,139,000 after purchasing an additional 478,869 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in E2open Parent by 83.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,103,999 shares of the company’s stock valued at $71,396,000 after purchasing an additional 3,692,914 shares during the period.

E2open Parent Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for E2open Parent (NYSE:ETWO)

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