Bayesian Capital Management LP Invests $35,000 in E2open Parent Holdings, Inc. (NYSE:ETWO)

Bayesian Capital Management LP acquired a new position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,320 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds also recently added to or reduced their stakes in ETWO. KLP Kapitalforvaltning AS acquired a new stake in shares of E2open Parent in the 4th quarter worth about $86,000. Mariner LLC grew its position in E2open Parent by 276.3% in the 4th quarter. Mariner LLC now owns 45,414 shares of the company’s stock worth $121,000 after purchasing an additional 33,345 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of E2open Parent by 15.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company’s stock valued at $208,000 after purchasing an additional 10,321 shares during the period. Intech Investment Management LLC raised its holdings in shares of E2open Parent by 64.9% during the fourth quarter. Intech Investment Management LLC now owns 83,545 shares of the company’s stock valued at $222,000 after buying an additional 32,891 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of E2open Parent by 18.8% during the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock worth $227,000 after buying an additional 13,489 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ETWO shares. The Goldman Sachs Group reduced their price target on E2open Parent from $2.60 to $2.30 and set a “sell” rating for the company in a research report on Friday, March 28th. UBS Group decreased their target price on shares of E2open Parent from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley reduced their price target on shares of E2open Parent from $3.00 to $2.30 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th.

E2open Parent Trading Up 2.7 %

Shares of ETWO stock opened at $2.64 on Friday. The stock has a 50-day simple moving average of $2.14 and a 200 day simple moving average of $2.59. The stock has a market capitalization of $906.15 million, a P/E ratio of -1.77, a P/E/G ratio of 1.05 and a beta of 1.04. E2open Parent Holdings, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $5.08. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. The company had revenue of $153.50 million for the quarter, compared to analysts’ expectations of $153.01 million. On average, sell-side analysts expect 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.