JPMorgan Chase & Co. Reduces Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

JPMorgan Chase & Co. reduced its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 91.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,239 shares of the company’s stock after selling 1,785,791 shares during the period. JPMorgan Chase & Co. owned about 0.05% of E2open Parent worth $463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ETWO. Vanguard Group Inc. boosted its stake in shares of E2open Parent by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock valued at $72,878,000 after buying an additional 408,779 shares during the last quarter. Gagnon Securities LLC raised its holdings in E2open Parent by 37.6% in the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock valued at $5,806,000 after acquiring an additional 596,425 shares in the last quarter. Gagnon Advisors LLC boosted its stake in E2open Parent by 50.0% during the 4th quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company’s stock valued at $3,115,000 after acquiring an additional 390,372 shares during the last quarter. Empowered Funds LLC grew its holdings in E2open Parent by 5.1% during the 4th quarter. Empowered Funds LLC now owns 1,070,416 shares of the company’s stock worth $2,847,000 after acquiring an additional 52,411 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of E2open Parent by 3.8% in the 4th quarter. Cibc World Markets Corp now owns 519,150 shares of the company’s stock worth $1,381,000 after purchasing an additional 19,150 shares during the last quarter.

Analyst Upgrades and Downgrades

ETWO has been the topic of a number of research analyst reports. UBS Group reduced their target price on E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a report on Friday, March 28th. Finally, Morgan Stanley lowered their target price on shares of E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th.

E2open Parent Stock Up 21.1 %

ETWO stock opened at $2.39 on Friday. The stock has a market cap of $818.62 million, a PE ratio of -1.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The firm’s 50-day simple moving average is $2.12 and its 200 day simple moving average is $2.62. E2open Parent Holdings, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $5.08. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. The company had revenue of $153.50 million for the quarter, compared to analysts’ expectations of $153.01 million. As a group, sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

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.