Cibc World Markets Corp Increases Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Cibc World Markets Corp boosted its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 519,150 shares of the company’s stock after purchasing an additional 19,150 shares during the quarter. Cibc World Markets Corp owned about 0.15% of E2open Parent worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of E2open Parent by 5.1% in the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after acquiring an additional 233,292 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after purchasing an additional 759,398 shares in the last quarter. Gagnon Securities LLC lifted its position in shares of E2open Parent by 37.6% in the 4th quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after purchasing an additional 596,425 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of E2open Parent by 593.3% during the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after purchasing an additional 1,677,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in E2open Parent by 25.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after buying an additional 349,951 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ETWO. The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th. Morgan Stanley dropped their price objective 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. Finally, Loop Capital reduced their target price on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd.

E2open Parent Stock Performance

Shares of ETWO opened at $2.24 on Friday. E2open Parent Holdings, Inc. has a 12 month low of $2.07 and a 12 month high of $5.08. The stock has a fifty day moving average price of $2.49 and a 200-day moving average price of $3.06. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The firm has a market cap of $767.14 million, a PE ratio of -1.50, a P/E/G ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share 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%. Equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share 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.