E2open Parent Holdings Inc. [ETWO] stock Initiated by BofA Securities analyst, price target now $14



E2open Parent Holdings Inc. [NYSE: ETWO] surged by $0.61 during the normal trading session on Monday and reaching a high of $12.96 during the day while it closed the day at $12.85. The company report on October 21, 2021 that E2open to Participate in November Investor Conferences.

E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, announced its participation at two upcoming investor events.

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Michael Farlekas, chief executive officer, and Jarett Janik, chief financial officer, plan to present at the following:.

E2open Parent Holdings Inc. stock has also gained 17.35% of its value over the past 7 days. However, ETWO stock has inclined by 23.92% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.32% and gained 18.54% year-on date.

The market cap for ETWO stock reached $3.94 billion, with 306.37 million shares outstanding. Compared to the average trading volume of 2.58M shares, ETWO reached a trading volume of 4032894 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about E2open Parent Holdings Inc. [ETWO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETWO shares is $14.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETWO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for E2open Parent Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 30, 2021. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on April 21, 2021, representing the official price target for E2open Parent Holdings Inc. stock. Previously, the target price had yet another raise to $12, while UBS analysts kept a Neutral rating on ETWO stock.

The Average True Range (ATR) for E2open Parent Holdings Inc. is set at 0.51, with the Price to Sales ratio for ETWO stock in the period of the last 12 months amounting to 8.30. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 1.54.

ETWO stock trade performance evaluation

E2open Parent Holdings Inc. [ETWO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.35. With this latest performance, ETWO shares gained by 7.26% in over the last four-week period, additionally plugging by 23.32% over the last 6 months – not to mention a rise of 25.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETWO stock in for the last two-week period is set at 65.70, with the RSI for the last a single of trading hit 71.05, and the three-weeks RSI is set at 62.11 for E2open Parent Holdings Inc. [ETWO]. The present Moving Average for the last 50 days of trading for this stock 11.62, while it was recorded at 12.19 for the last single week of trading, and 11.05 for the last 200 days.

E2open Parent Holdings Inc. [ETWO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and E2open Parent Holdings Inc. [ETWO] shares currently have an operating margin of -4.01 and a Gross Margin at +50.40. E2open Parent Holdings Inc.’s Net Margin is presently recorded at -11.25.

When it comes to the capital structure of this company, E2open Parent Holdings Inc. [ETWO] has a Total Debt to Total Equity ratio set at 24.88. Additionally, ETWO Total Debt to Total Capital is recorded at 19.92, with Total Debt to Total Assets ending up at 13.51. Long-Term Debt to Equity for the company is recorded at 24.44, with the Long-Term Debt to Total Capital now at 19.57.

Reflecting on the efficiency of the workforce at the company, E2open Parent Holdings Inc. [ETWO] managed to generate an average of -$15,242 per employee.E2open Parent Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

E2open Parent Holdings Inc. [ETWO]: Insider Ownership positions

There are presently around $2,409 million, or 90.20% of ETWO stock, in the hands of institutional investors. The top three institutional holders of ETWO stocks are: ELLIOTT INVESTMENT MANAGEMENT L.P. with ownership of 27,973,575, which is approximately 11.134% of the company’s market cap and around 5.50% of the total institutional ownership; NEUBERGER BERMAN GROUP LLC, holding 20,530,000 shares of the stock with an approximate value of $263.81 million in ETWO stocks shares; and INSIGHT HOLDINGS GROUP, LLC, currently with $258.97 million in ETWO stock with ownership of nearly 11.069% of the company’s market capitalization.

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Positions in E2open Parent Holdings Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 89 institutional holders increased their position in E2open Parent Holdings Inc. [NYSE:ETWO] by around 27,530,273 shares. Additionally, 36 investors decreased positions by around 19,201,410 shares, while 15 investors held positions by with 140,744,540 shares. The mentioned changes placed institutional holdings at 187,476,223 shares, according to the latest SEC report filing. ETWO stock had 55 new institutional investments in for a total of 6,235,687 shares, while 17 institutional investors sold positions of 3,300,563 shares during the same period.