Empowered Funds LLC Buys 50,587 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

Empowered Funds LLC increased its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 8.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 668,267 shares of the company’s stock after acquiring an additional 50,587 shares during the period. Empowered Funds LLC owned about 0.20% of E2open Parent worth $2,967,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of E2open Parent by 22.6% during the 4th quarter. Victory Capital Management Inc. now owns 32,267 shares of the company’s stock worth $142,000 after purchasing an additional 5,943 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in E2open Parent during the fourth quarter worth $55,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in E2open Parent by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,394 shares of the company’s stock worth $164,000 after acquiring an additional 12,930 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in E2open Parent in the fourth quarter valued at $57,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of E2open Parent by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,340,465 shares of the company’s stock valued at $5,885,000 after acquiring an additional 18,821 shares during the period.

E2open Parent Stock Performance

Shares of ETWO stock opened at $4.34 on Friday. E2open Parent Holdings, Inc. has a 52 week low of $2.15 and a 52 week high of $5.39. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -1.68, a PEG ratio of 1.37 and a beta of 0.92. The company has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $4.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00.

E2open Parent (NYSE:ETWO) last released its quarterly earnings results on Wednesday, July 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. The business had revenue of $151.16 million during the quarter, compared to analyst estimates of $155.48 million. During the same quarter last year, the company posted $0.05 earnings per share. On average, sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ETWO. UBS Group dropped their target price on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their price objective on E2open Parent from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday.

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.