E2open Parent (NYSE:ETWO) Trading 5.9% Higher – What’s Next?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price was up 5.9% during mid-day trading on Monday . The stock traded as high as $3.25 and last traded at $3.25. Approximately 1,024,162 shares were traded during trading, a decline of 50% from the average daily volume of 2,039,230 shares. The stock had previously closed at $3.07.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ETWO shares. The Goldman Sachs Group cut their target price on E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday. UBS Group cut their target price on E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a research report on Thursday, July 11th.

E2open Parent Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day moving average of $4.20 and a 200-day moving average of $4.41. The stock has a market cap of $1.09 billion, a PE ratio of -1.28, a PEG ratio of 1.35 and a beta of 0.92.

Hedge Funds Weigh In On E2open Parent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETWO. EntryPoint Capital LLC bought a new position in E2open Parent during the first quarter valued at approximately $30,000. Innealta Capital LLC bought a new position in E2open Parent during the second quarter valued at approximately $34,000. nVerses Capital LLC bought a new position in E2open Parent during the second quarter valued at approximately $48,000. Canada Pension Plan Investment Board bought a new position in E2open Parent during the second quarter valued at approximately $50,000. Finally, SG Americas Securities LLC bought a new position in E2open Parent during the first quarter valued at approximately $62,000.

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.