Keybank National Association OH Has $68,000 Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Keybank National Association OH decreased its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 41.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,431 shares of the company’s stock after selling 18,184 shares during the period. Keybank National Association OH’s holdings in E2open Parent were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in E2open Parent by 7.6% during the 4th quarter. Rhumbline Advisers now owns 310,057 shares of the company’s stock valued at $825,000 after purchasing an additional 21,800 shares during the period. Empowered Funds LLC lifted its holdings in shares of E2open Parent by 5.1% during the fourth quarter. Empowered Funds LLC now owns 1,070,416 shares of the company’s stock worth $2,847,000 after buying an additional 52,411 shares during the last quarter. Gagnon Advisors LLC boosted its position in shares of E2open Parent by 50.0% in the fourth quarter. Gagnon Advisors LLC now owns 1,171,117 shares of the company’s stock valued at $3,115,000 after acquiring an additional 390,372 shares during the period. Gagnon Securities LLC grew its stake in shares of E2open Parent by 37.6% in the fourth quarter. Gagnon Securities LLC now owns 2,182,893 shares of the company’s stock worth $5,806,000 after acquiring an additional 596,425 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in E2open Parent by 18.8% in the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after purchasing an additional 13,489 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETWO. The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and cut their price objective for the company from $3.50 to $2.90 in a research report on Wednesday, December 11th. Loop Capital reduced their price objective on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. Finally, Morgan Stanley reduced their target price on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th.

E2open Parent Stock Up 0.7 %

Shares of E2open Parent stock opened at $2.20 on Wednesday. E2open Parent Holdings, Inc. has a 12 month low of $2.11 and a 12 month high of $5.08. The business has a fifty day simple moving average of $2.57 and a 200 day simple moving average of $3.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The stock has a market cap of $753.41 million, a PE ratio of -1.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

E2open Parent 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.