E2open Parent (NYSE:ETWO) Stock Price Up 3.5% – Here’s What Happened

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price traded up 3.5% during trading on Tuesday . The company traded as high as $2.69 and last traded at $2.67. Approximately 204,596 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,917,199 shares. The stock had previously closed at $2.58.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ETWO. Loop Capital lowered their price target on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and lowered their target price for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

E2open Parent Trading Up 3.5 %

The firm has a market capitalization of $914.93 million, a price-to-earnings ratio of -1.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The business’s 50 day moving average price is $3.01 and its 200-day moving average price is $3.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03.

E2open Parent (NYSE:ETWO) last issued its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. The business had revenue of $152.19 million during the quarter, compared to the consensus estimate of $152.33 million. Equities analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

A number of institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in E2open Parent during the second quarter worth $48,000. Canada Pension Plan Investment Board purchased a new stake in shares of E2open Parent in the 2nd quarter worth about $50,000. MQS Management LLC acquired a new stake in E2open Parent in the 3rd quarter valued at about $57,000. Dark Forest Capital Management LP acquired a new stake in E2open Parent in the 2nd quarter valued at about $98,000. Finally, US Bancorp DE raised its position in E2open Parent by 2,028.3% during the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after acquiring an additional 35,516 shares during the last quarter.

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.