MQS Management LLC Takes Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

MQS Management LLC acquired a new stake in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,835 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in shares of E2open Parent during the third quarter valued at about $171,000. US Bancorp DE grew its holdings in shares of E2open Parent by 2,028.3% during the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after buying an additional 35,516 shares during the last quarter. Creative Planning boosted its holdings in E2open Parent by 219.1% during the third quarter. Creative Planning now owns 37,425 shares of the company’s stock worth $165,000 after purchasing an additional 25,698 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in E2open Parent by 26.3% during the third quarter. Handelsbanken Fonder AB now owns 50,400 shares of the company’s stock worth $222,000 after purchasing an additional 10,500 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in E2open Parent in the 3rd quarter worth about $316,000.

E2open Parent Trading Down 3.3 %

NYSE ETWO opened at $2.97 on Friday. The business’s fifty day moving average is $3.65 and its 200-day moving average is $4.22. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1.16, a PEG ratio of 1.25 and a beta of 0.98. E2open Parent Holdings, Inc. has a one year low of $2.92 and a one year high of $5.07.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $152.19 million during the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. Equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut their target price on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, October 11th.

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.