Renaissance Technologies LLC Buys 27,800 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Renaissance Technologies LLC raised its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,600 shares of the company’s stock after buying an additional 27,800 shares during the period. Renaissance Technologies LLC’s holdings in E2open Parent were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETWO. Barclays PLC grew its position in shares of E2open Parent by 384.4% during the third quarter. Barclays PLC now owns 303,515 shares of the company’s stock worth $1,338,000 after purchasing an additional 240,858 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of E2open Parent during the third quarter valued at $504,000. JPMorgan Chase & Co. boosted its position in E2open Parent by 593.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after buying an additional 1,677,336 shares during the period. SG Americas Securities LLC increased its holdings in E2open Parent by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock worth $227,000 after purchasing an additional 13,489 shares during the period. Finally, Gagnon Securities LLC lifted its holdings in shares of E2open Parent by 37.6% in the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after buying an additional 596,425 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ETWO. Morgan Stanley decreased their price objective on 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. The Goldman Sachs Group cut their price target on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research note on Friday, March 28th. Finally, UBS Group reduced their price target on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, April 30th.

E2open Parent Stock Down 4.6 %

ETWO stock opened at $2.27 on Tuesday. 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 Holdings, Inc. has a one year low of $1.75 and a one year high of $5.08. The firm’s fifty day moving average is $2.12 and its 200 day moving average is $2.60. The firm has a market cap of $779.15 million, a PE ratio of -1.52, a P/E/G ratio of 1.05 and a beta of 1.04.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data 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. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. The business had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.01 million. On average, research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 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 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.