Franklin Resources Inc. Purchases New Stake in E2open Parent Holdings, Inc. (NYSE:ETWO)

Franklin Resources Inc. acquired a new position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 114,321 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ETWO. nVerses Capital LLC purchased a new position in E2open Parent during the second quarter valued at approximately $48,000. Canada Pension Plan Investment Board purchased a new stake in shares of E2open Parent during the second quarter worth $50,000. MQS Management LLC acquired a new stake in E2open Parent during the third quarter valued at $57,000. Dark Forest Capital Management LP purchased a new position in E2open Parent in the second quarter valued at about $98,000. Finally, US Bancorp DE raised its stake in shares of E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after purchasing an additional 35,516 shares in the last quarter.

E2open Parent Stock Performance

Shares of ETWO opened at $2.58 on Tuesday. The company has a market capitalization of $884.09 million, a PE ratio of -1.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. E2open Parent Holdings, Inc. has a one year low of $2.52 and a one year high of $5.07. The company’s fifty day moving average price is $3.02 and its 200 day moving average price is $3.83.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. The company had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $152.33 million. As a group, analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

ETWO has been the subject of several recent research reports. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and lowered their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th. Loop Capital decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd.

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.