Bayesian Capital Management LP Takes Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Bayesian Capital Management LP purchased a new stake in E2open Parent Holdings, Inc. (NYSE:ETWO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,320 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in shares of E2open Parent in the 4th quarter valued at $86,000. Mariner LLC lifted its stake in shares of E2open Parent by 276.3% during the fourth quarter. Mariner LLC now owns 45,414 shares of the company’s stock worth $121,000 after purchasing an additional 33,345 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 worth $208,000 after buying an additional 10,321 shares during the period. Intech Investment Management LLC grew its stake in shares of E2open Parent by 64.9% in 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 in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of E2open Parent by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after buying an additional 13,489 shares during the period.

Analyst Ratings Changes

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

E2open Parent Stock Up 2.7 %

Shares of NYSE:ETWO opened at $2.64 on Friday. The firm has a market cap of $906.15 million, a PE ratio of -1.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. The company has a fifty day simple moving average of $2.14 and a 200 day simple moving average of $2.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. E2open Parent Holdings, Inc. has a 12-month low of $1.75 and a 12-month high of $5.08.

E2open Parent (NYSE:ETWO) last released its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share 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 during the quarter, compared to the consensus estimate of $153.01 million. On average, equities research analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

About E2open Parent

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.