Wells Fargo & Company MN Purchases 26,439 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Wells Fargo & Company MN increased its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 23.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 137,024 shares of the company’s stock after purchasing an additional 26,439 shares during the period. Wells Fargo & Company MN’s holdings in E2open Parent were worth $364,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ETWO. KLP Kapitalforvaltning AS bought a new position in shares of E2open Parent during the 4th quarter worth approximately $86,000. Intech Investment Management LLC boosted its position in E2open Parent by 64.9% during the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock worth $222,000 after purchasing an additional 32,891 shares during the period. SG Americas Securities LLC increased its holdings in shares of E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after purchasing an additional 13,489 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of E2open Parent in the third quarter valued at about $504,000. Finally, American Century Companies Inc. lifted its stake in shares of E2open Parent by 26.8% during the 4th quarter. American Century Companies Inc. now owns 227,697 shares of the company’s stock worth $606,000 after buying an additional 48,152 shares during the last quarter.

E2open Parent Trading Down 4.6 %

ETWO opened at $2.27 on Tuesday. 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 Holdings, Inc. has a twelve month low of $1.75 and a twelve month high of $5.08. The stock has a market capitalization of $779.15 million, a price-to-earnings ratio of -1.52, a P/E/G ratio of 1.05 and a beta of 1.04. The company has a 50-day simple moving average of $2.12 and a 200 day simple moving average of $2.60.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $153.01 million. Analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on ETWO shares. UBS Group decreased their price target on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley decreased their target price on E2open Parent from $3.00 to $2.30 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price target on E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a report on Friday, March 28th.

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.