The WindAcre Partnership LLC recently announced the acquisition of new stake in E2open Parent Holdings Inc. (NYSE:ETWO). The institutional investor has increased its shareholding in the Technology company by 4.18% to 28.79 million shares with purchase of 1.15 million shares. This fresh investment now brings its stake to 9.53% valued currently at $178.52 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.54 million to 19.97 million shares. And Elliott Investment Management LP has lifted its position by 6.49% or 1.17 million shares – to 19.17 million shares.
With over 2.04 million E2open Parent Holdings Inc. (ETWO) shares trading Tuesday and a closing price of $5.55 on the day, the dollar volume was approximately $11.33 million. The shares have shown a negative half year performance of -22.49% and its price on 03/14/23 gained nearly 6.73%. Currently, there are 302.28M common shares owned by the public and among those 253.31M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for ETWO have a consensus price objective of $7.33. The analysts have set the share’s price value over the next 12 months at a high of $9.50 and a low of $5.50. The average price target is 24.28% above its recent price level and a downside to the estimated low will see the stock lose -0.91% over that period. But an upside of 41.58% will see the stock hit the forecast high price target while median target price for the stock is $7.00.
Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 578,245 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 15,820,893 shares.
The top 3 mutual fund holders in E2open Parent Holdings Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and Baron Small Cap Fund. Vanguard Total Stock Market Index owns 6.48 million shares of the company’s stock, all valued at over $40.18 million. The company bought an additional 15324.0 shares recently to bring their total holdings to about 2.14% of the shares outstanding. Vanguard Small Cap Index Fund bought 30016.0 shares to see its total holdings expand to 5.48 million shares valued at over $33.99 million and representing 1.81% of the shares outstanding. Baron Small Cap Fund now owns shares totaling to 1.45% of the shares outstanding.
Shares of E2open Parent Holdings Inc. (NYSE: ETWO) opened at $5.37, up $0.17 from a prior closing price of $5.20. However, the script later moved the day high at 5.57, up 6.73%. The company’s stock has a 5-day price change of -0.72% and -2.12% over the past three months. ETWO shares are trading -5.45% year to date (YTD), with the 12-month market performance down to -33.37% lower. It has a 12-month low price of $4.89 and touched a high of $9.84 over the same period. ETWO has an average intraday trading volume of 1.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.56%, -10.14%, and -15.05% respectively.
Institutional ownership of E2open Parent Holdings Inc. (NYSE: ETWO) 302.28M shares outstanding. Mutual fund holders own 43.48%, while other institutional holders and individual stakeholders account for 63.22% and 18.55% respectively.
It has a market capitalization of $1.74B. The earnings-per-share (ttm) stands at -$1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.40% over the week and 3.70% over the month.
Analysts forecast that E2open Parent Holdings Inc. (ETWO) will achieve an EPS of $0.07 for the current quarter, $0.06 for the next quarter and $0.28 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.19 a year ago. Earnings per share for the fiscal year are expected to decrease by -240.20%, and 12.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate E2open Parent Holdings Inc. (ETWO) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 2 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
Goldman coverage for the E2open Parent Holdings Inc. (ETWO) stock in a research note released on October 21, 2022 offered a Neutral rating with a price target of $5.50. Colliers Securities on their part issued Buy rating on March 23, 2022.
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