BofA Securities lifts E2open Parent Holdings Inc. [ETWO] price estimate. Who else is bullish?


E2open Parent Holdings Inc. [NYSE: ETWO] It fell by -$0.33 during the normal trading session on Thursday and reached a high of $6,675 on the day while closing the day at $6.33. Company report on September 21 2022 E2open is once again recognized as a leader in the IDC MarketScape report on improving supply chain inventory worldwide.

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The new IDC MarketScape vendor assessment acknowledges e2open’s use of proven artificial intelligence and real-time data in inventory optimization across a connected supply chain.

E2open Parent Holdings, Inc. (NYSE: ETWO), a connected supply chain SaaS platform with the largest multi-enterprise network, today announced the company’s leadership position for the second time in a row at IDC MarketScape: Worldwide Supply Chain Inventory Improvement 2022 Vendor Rating (doc #US49568517, September 2022). According to the report, “e2open has extensive experience in consumer goods, high tech, food and beverage, and automotive/heavy equipment, so manufacturing organizations in these sectors, particularly those looking for a vendor for both broad and deep supply chain planning capability, should considering e2open for their MEIO needs.”

E2open Parent Holdings Inc stock also lost ground. -10.72% of its value over the past 7 days. However, ETWO stock is down -24.91% in the three months of the year. Over the past six months, it has lost -34.54% and lost -43.78% year-over-year.

ETWO’s stock has a market capitalization of $1.92 billion, with 303.63 million shares outstanding and 237.72 million shares in current float. Compared to an average trading volume of 1.89 million shares, ETWO had a trading volume of 2574457 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market gurus are saying about E2open Parent Holdings Inc. [ETWO]:

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for ETWO shares is $11.25 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on ETWO stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

BofA Securities has made an estimate for the shares of E2open Parent Holdings Inc. , retaining their opinion of the stock as a buy, with their previous recommendation back on April 21, 2022. The new note was issued on March 23, 2022, which is the official target price for E2open Parent Holdings Inc.’s stock. Previously, the target price had received another increase to $14, while Craig Hallum analysts maintained a buy rating on ETWO stock.

The Average True Range (ATR) is set for E2open Parent Holdings Inc. at 0.29, with a price-to-sales ratio for ETWO stock in the past 12-month period at 3.70. The price-to-book ratio for the last quarter was 0.61, with the price-to-cash-to-cash ratio for the same quarter set at 0.43.

ETWO stock trading performance evaluation

E2open Parent Holdings Inc. [ETWO] It fell into the red at the end of last week, fell in a negative direction and fell by -10.72. With this latest performance, ETWO shares are down -10.47% over the past four-week period, as well as -34.54% over the past six months – not to mention a -46.26% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for ETWO stock for the past two weeks is set at 34.93, with the RSI for the last one trading at 29.16, and the three-week RSI for E2open Parent Holdings Inc. is set at 38.56. [ETWO]. The current moving average for the last 50 trading days of this stock is 7.01, while it was recorded at 6.69 for the last trading week, and 8.36 for the last 200 days.

E2open Parent Holdings Inc. [ETWO]: Insight into the basic fundamentals

The liquidity data of E2open Parent Holdings Inc. Interesting too, with the quick ratio at 0.70 and the current ratio set at 0.70.

Earnings per share (EPS) analysis for E2open Parent Holdings Inc. [ETWO] stock

The company’s progress can be seen through the prism of EPS growth, while Wall Street analysts focus on a 5-year EPS growth forecast for ETWO. When it comes to the stated value, analysts expect 5-year EPS growth to rise for E2open Parent Holdings Inc. to 27.70%.

E2open Parent Holdings Inc. [ETWO]: Insiders ownership positions

There are currently approximately $2,107 million in the hands of institutional investors. The three largest corporate owners of ETWO stock are: INSIGHT HOLDINGS GROUP, LLC with ownership of 49,831,006, which is approximately 0% of the company’s market capitalization and about 0.40% of the total corporate ownership; FRANCISCO PARTNERS MANAGEMENT, LP, owns 3,868,552 shares with an approximate value of $244.9 million in ETWO stock; and NEUBERGER BERMAN GROUP LLC, which currently holds $198.41 million in ETWO stock with ownership of approximately 0% of the company’s market value.

84 enterprise owners have increased their positions in E2open Parent Holdings Inc. [NYSE:ETWO] About 17,739,227 shares. In addition, the number of 58 investors decreased by about 17,362,853 shares, while 26 investors held positions by about 297,834,447 shares. The said changes put institutional holdings at 3,329,36527 shares, according to the latest report from the Securities and Exchange Commission. ETWO had 31 new institutional investments for a total of 3,338,960 shares, while 21 institutional investors sold positions worth 10,912,828 shares during the same period.

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