E2open Parent (NYSE:ETWO) Shares Up 5.7% – Here’s What Happened

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price rose 5.7% on Monday . The stock traded as high as $2.82 and last traded at $2.86. Approximately 457,630 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 1,451,151 shares. The stock had previously closed at $2.70.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Morgan Stanley cut their target price on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Loop Capital decreased their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group cut 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 report on Wednesday, December 11th.

E2open Parent Trading Down 0.2 %

The firm has a market cap of $942.19 million, a price-to-earnings ratio of -1.84, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50 day simple moving average is $2.83 and its 200 day simple moving average is $3.55.

E2open Parent (NYSE:ETWO) last released its earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, research analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MQS Management LLC acquired a new position in E2open Parent in the third quarter valued at approximately $57,000. Dark Forest Capital Management LP purchased a new stake in shares of E2open Parent during the 2nd quarter worth approximately $98,000. US Bancorp DE boosted its holdings in shares of E2open Parent by 2,028.3% in the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after buying an additional 35,516 shares in the last quarter. Creative Planning grew its position in shares of E2open Parent by 219.1% in the 3rd quarter. Creative Planning now owns 37,425 shares of the company’s stock valued at $165,000 after buying an additional 25,698 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in E2open Parent during the 3rd quarter worth $171,000.

About E2open Parent

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.