E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,070,416 shares of the company’s stock after buying an additional 52,411 shares during the quarter. Empowered Funds LLC owned about 0.31% of E2open Parent worth $2,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of E2open Parent by 593.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after buying an additional 1,677,336 shares during the period. Charles Schwab Investment Management Inc. grew its position in E2open Parent by 25.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock worth $7,660,000 after acquiring an additional 349,951 shares during the period. Geode Capital Management LLC increased its stake in E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after acquiring an additional 759,398 shares during the last quarter. Barclays PLC raised its position in E2open Parent by 384.4% in the third quarter. Barclays PLC now owns 303,515 shares of the company’s stock valued at $1,338,000 after purchasing an additional 240,858 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of E2open Parent in the 3rd quarter valued at $6,360,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ETWO shares. The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $3.50 to $2.90 in a report on Wednesday, December 11th. Loop Capital reduced their price target on shares of 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, Morgan Stanley lowered their price objective on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th.

E2open Parent Stock Performance

NYSE ETWO opened at $2.80 on Friday. 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 has a market cap of $959.36 million, a P/E ratio of -1.88, a P/E/G ratio of 1.23 and a beta of 1.00. The stock has a 50-day moving average of $2.75 and a two-hundred day moving average of $3.41. E2open Parent Holdings, Inc. has a 1-year low of $2.49 and a 1-year high of $5.07.

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

E2open Parent 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.