Mackenzie Financial Corp Purchases 54,420 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Mackenzie Financial Corp lifted its position in E2open Parent Holdings, Inc. (NYSE:ETWO) by 19.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,972 shares of the company’s stock after acquiring an additional 54,420 shares during the quarter. Mackenzie Financial Corp owned 0.10% of E2open Parent worth $674,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ETWO. Bayesian Capital Management LP bought a new stake in E2open Parent during the 4th quarter valued at about $35,000. Tidal Investments LLC bought a new stake in shares of E2open Parent in the 4th quarter valued at about $38,000. Teacher Retirement System of Texas bought a new stake in shares of E2open Parent in the 1st quarter valued at about $45,000. KLP Kapitalforvaltning AS bought a new stake in shares of E2open Parent in the 4th quarter valued at about $86,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of E2open Parent in the 4th quarter valued at about $101,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ETWO. Morgan Stanley boosted their price target on shares of E2open Parent from $2.10 to $3.30 and gave the company an “equal weight” rating in a report on Wednesday, May 28th. Wall Street Zen raised shares of E2open Parent from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Finally, UBS Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.78.

Insiders Place Their Bets

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $3.21, for a total transaction of $98,251,137.51. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.63% of the company’s stock.

E2open Parent Stock Up 0.1%

Shares of E2open Parent stock opened at $3.30 on Thursday. The firm’s 50 day moving average price is $3.25 and its 200-day moving average price is $2.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.15. E2open Parent Holdings, Inc. has a 52-week low of $1.75 and a 52-week high of $4.63. The company has a market cap of $1.14 billion, a P/E ratio of -1.60 and a beta of 1.27.

E2open Parent (NYSE:ETWO) last released its earnings results on Thursday, July 10th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $152.30 million for the quarter, compared to the consensus estimate of $148.92 million. E2open Parent had a negative net margin of 104.26% and a positive return on equity of 6.34%. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal 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.