On Friday, financial analysts at Redburn Partners began covering the shares of E2open Parent (NYSE: ETWO), as reported by Briefing.com. The company’s recommendation to “buy” was made regarding the stock.
Other analysts have only recently published their reports on the company under discussion. Goldman Sachs Group published a research note on Friday, October 21, announcing the company’s intention to cover E2open Parent. They ranked the company as “neutral,” and their price objective for the stock was established at $5.50 per share. In a research note distributed on September 23, Credit Suisse Group announced that it would begin covering E2open Parent shares. They gave the stock an “underperform” rating. Craig Hallum stated that they would be lowering their price target for E2open Parent shares to $10.50 in a research note published on Thursday, October 13. There is one research expert who suggests buying the stock, four who suggest purchasing the stock, and one who suggests selling the stock. The stock is currently rated as having a consensus rating of “Moderate Buy,” and the average price target that analysts have set for the stock is $10.25, according to information sourced from Bloomberg.com.
On Friday, shares of NYSE: ETWO started trading at $5.67 each when the market opened. The debt-to-equity ratio, the quick ratio, and the current ratio all have the same value of 0.35, and they all have the same value of 0.77. E2open Parent reached an all-time low price of $4.89 during the 52 weeks, while the stock reached an all-time high price of $11.59 during the same period. The corporation possesses several characteristics, including a market capitalization of $1.71 billion, a price-to-earnings ratio of -4.50, a price-to-earnings-to-growth ratio of 0.94, and a beta value of 0.54. The stock has been trading at $5.68 on average over the previous 50 days, while over the previous 200 days, it has been trading at $6.71.
E2open Parent (NYSE: ETWO) provided a statement regarding the most recent outcomes of its financial operations on October 11. The earnings per share that the company reported for the quarter came in at $0.05, which was lower than the forecasts of $0.05 that analysts had developed. On the other hand, E2open Parent had a return on equity of 2.29%, even though the company had a negative net margin of 63.61%. In addition, the company reported total revenues of USD 160,68,000,000 during the period in question.E2open Parent is expected to generate earnings of $0.27 per share for the current fiscal year, according to projections made by industry analysts.
On Friday, November 18, Michael Farkas, the company’s Chief Executive Officer, sold 13,000 shares of company stock. This is another piece of news regarding the company. There was $72,670.00 worth of transactions involving the company’s stock, with each share changing hands at an average price of $5.59. Because of the transaction, the company’s chief executive officer now owns 282,478 shares of the company’s stock, which have a value of $1,579,052.02. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. Corporate insiders have generated a total of $151,260 in sales proceeds from the sale of 26,400 shares of company stock over the past three months. The corporate insiders of the company currently hold 5.98% of the company’s shares as of right now.
Recently, several hedge funds have, among other things, adjusted their current stakes in ETWO to reflect the various positions they have taken. During the third quarter, the Bank of New York Mellon Corporation saw a rise of 7.8 percentage points in the proportion of E2open Parent holdings that it possessed. The Bank of New York Mellon Corp. now has a total of 783,222 shares of the company’s stock, which is worth a total of $4,755,000 after purchasing an additional 56,859 shares during the preceding quarter. This brings the total number of shares that the company owns to 783,222. In addition, $676,000.00 was invested in E2open Parent by Balyasny Asset Management LLC in a brand-new transaction during the third quarter. During the third quarter, BNP Paribas Arbitrage SNC increased its holdings in E2open Parent by purchasing additional shares. It was estimated that this holding was worth approximately $687,000. During the third quarter of the fiscal year, Nomura Shares Inc. brought its total holdings of E2open Parent to a value that was 910% higher than before. Nomura Holdings Inc. now has a total of 2,273,106 shares of the company following the purchase of an additional 2,048,047 shares during the most recent period. The total value of Nomura Holdings Inc.’s stock holdings is $13,838,000. During the third quarter, State Street Corporation made a 1.1% increase in the amount of E2open Parent shares it owned, making it the last point on this list. The company has a current market value of $24,313,000, and State Street Corp. currently holds 4,005,402 shares. In the past, the company held only 42,197 shares of the company.
Customers in the Americas, Europe, and the Asia Pacific region can take advantage of the comprehensive software as a service (SaaS) platform for supply chain management provided by E2open Parent Holdings, Inc. The company’s software helps its blue-chip clients gain value and increase their return on investment by orchestrating supply chains. This is one of the ways that the company built its software. As a result, customers can improve their supply chains in various areas, including channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management. These are just some of the areas. This is made possible by the company’s proprietary software, which integrates networks, data, and applications into a single platform.