E2open Parent (NYSE:ETWO – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday, Zacks.com reports. The brokerage currently has a $9.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 17.49% from the stock’s current price.
According to Zacks, “E2open Parent Holdings Inc. is a provider of supply chain management software. The Company’s software combines networks, data and applications to provide platform which allows customers to optimize their supply chain across channel shaping, business planning, logistics, global trade, manufacturing and supply management. E2open Parent Holdings Inc., formerly known as CC Neuberger Principal Holdings I, is based in AUSTIN, Texas. “
Other equities analysts have also recently issued reports about the company. Bank of America raised E2open Parent from a “neutral” rating to a “buy” rating in a report on Thursday. Colliers Securities raised E2open Parent from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, March 23rd. Finally, Craig Hallum began coverage on E2open Parent in a report on Tuesday, January 25th. They set a “buy” rating and a $14.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $12.60.
Shares of NYSE ETWO traded down $0.28 during midday trading on Friday, hitting $7.66. 1,171,394 shares of the stock traded hands, compared to its average volume of 2,887,366. The firm has a 50-day moving average of $8.70 and a two-hundred day moving average of $10.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.69 and a quick ratio of 0.69. E2open Parent has a one year low of $7.59 and a one year high of $14.58.
Institutional investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP purchased a new stake in E2open Parent in the 3rd quarter worth $26,000. Maverick Capital Ltd. purchased a new stake in E2open Parent in the 4th quarter worth $118,000. LPL Financial LLC purchased a new stake in E2open Parent in the 3rd quarter worth $125,000. Pictet Asset Management SA purchased a new stake in E2open Parent in the 4th quarter worth $126,000. Finally, Janney Montgomery Scott LLC purchased a new stake in E2open Parent in the 3rd quarter worth $131,000.
About E2open Parent (Get Rating)
E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company’s software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.
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