nVerses Capital LLC Takes $48,000 Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

nVerses Capital LLC bought a new position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,800 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC bought a new position in shares of E2open Parent in the 1st quarter worth about $30,000. Innealta Capital LLC bought a new stake in E2open Parent in the second quarter worth approximately $34,000. Russell Investments Group Ltd. acquired a new position in E2open Parent in the fourth quarter valued at approximately $55,000. Beacon Pointe Advisors LLC bought a new position in shares of E2open Parent during the 4th quarter worth approximately $57,000. Finally, SG Americas Securities LLC acquired a new stake in shares of E2open Parent during the 1st quarter worth approximately $62,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on ETWO shares. UBS Group cut their target price on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. The Goldman Sachs Group cut their price objective on shares of E2open Parent from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th.

E2open Parent Stock Up 2.3 %

E2open Parent stock opened at $4.30 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $4.39 and its two-hundred day moving average price is $4.41. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -1.66, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92. E2open Parent Holdings, Inc. has a 1-year low of $2.15 and a 1-year high of $5.16.

E2open Parent (NYSE:ETWO) last released its quarterly earnings results on Wednesday, July 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $151.16 million for the quarter, compared to analyst estimates of $155.48 million. E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. During the same quarter last year, the firm posted $0.05 EPS. On average, equities research analysts predict that E2open Parent Holdings, Inc. will post 0.2 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.