E2open Parent Holdings, Inc. (NYSE:ETWO) Short Interest Down 17.2% in February

E2open Parent Holdings, Inc. (NYSE:ETWO) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,150,000 shares, a decline of 17.2% from the January 31st total of 11,050,000 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 7.5 days.

Hedge Funds Weigh In On E2open Parent

A number of hedge funds have recently bought and sold shares of ETWO. JPMorgan Chase & Co. lifted its holdings in E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock worth $8,644,000 after buying an additional 1,677,336 shares during the last quarter. Empowered Funds LLC raised its position in shares of E2open Parent by 41.4% during the 3rd quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock valued at $4,489,000 after acquiring an additional 297,898 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in E2open Parent by 25.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock worth $7,660,000 after purchasing an additional 349,951 shares during the last quarter. Geode Capital Management LLC increased its stake in E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after purchasing an additional 759,398 shares during the last quarter. Finally, Barclays PLC increased its stake in E2open Parent by 384.4% during the third quarter. Barclays PLC now owns 303,515 shares of the company’s stock valued at $1,338,000 after purchasing an additional 240,858 shares during the last quarter.

Analyst Ratings Changes

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

E2open Parent Stock Up 2.6 %

E2open Parent stock traded up $0.06 during midday trading on Wednesday, hitting $2.19. 1,314,909 shares of the stock were exchanged, compared to its average volume of 1,181,508. E2open Parent has a 1 year low of $2.11 and a 1 year high of $5.08. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $749.98 million, a P/E ratio of -1.47, a P/E/G ratio of 1.05 and a beta of 1.00. The company has a 50 day moving average price of $2.62 and a two-hundred day moving average price of $3.23.

E2open Parent (NYSE:ETWO) last released its earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts predict that E2open Parent will post 0.19 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.