UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,011 shares of the company’s stock after buying an additional 72,032 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of E2open Parent worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted 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 buying an additional 52,411 shares in the last quarter. Rhumbline Advisers lifted its holdings in E2open Parent by 7.6% during the 4th quarter. Rhumbline Advisers now owns 310,057 shares of the company’s stock worth $825,000 after buying an additional 21,800 shares in the last quarter. Cibc World Markets Corp lifted its holdings in E2open Parent by 3.8% during the 4th quarter. Cibc World Markets Corp now owns 519,150 shares of the company’s stock worth $1,381,000 after buying an additional 19,150 shares in the last quarter. Intech Investment Management LLC lifted its holdings in E2open Parent by 64.9% during the 4th quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock worth $222,000 after buying an additional 32,891 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of E2open Parent by 26.8% in the 4th quarter. American Century Companies Inc. now owns 227,697 shares of the company’s stock valued at $606,000 after purchasing an additional 48,152 shares in the last quarter.

E2open Parent Price Performance

E2open Parent stock opened at $3.23 on Tuesday. E2open Parent Holdings, Inc. has a 1 year low of $1.75 and a 1 year high of $4.82. The firm has a 50 day moving average price of $2.45 and a 200 day moving average price of $2.55. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -2.17, a PEG ratio of 1.05 and a beta of 1.27. 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 (NYSE:ETWO) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share 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 during the quarter, compared to the consensus estimate of $153.01 million. Sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ETWO shares. The Goldman Sachs Group reduced their price objective on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a report on Friday, March 28th. Morgan Stanley increased their target price on shares of E2open Parent from $2.10 to $3.30 and gave the company an “equal weight” rating in a research report on Wednesday, May 28th. UBS Group dropped their target price on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of E2open Parent from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, E2open Parent presently has a consensus rating of “Hold” and an average target price of $2.78.

Insider Activity at E2open Parent

In other news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of E2open Parent stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $3.21, for a total value of $98,251,137.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.70% of the stock is currently owned by insiders.

E2open Parent 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.