E2open Parent Holdings Inc. (NYSE: ETWO) stock jumped 3.42% on Tuesday to $6.65 against a previous-day closing price of $6.43. With 1.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $6.69 whereas the lowest price it dropped to was $6.38. The 52-week range on ETWO shows that it touched its highest point at $9.84 and its lowest point at $4.89 during that stretch. It currently has a 1-year price target of $7.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ETWO was up-trending over the past week, with a rise of 10.65%, but this was up by 14.85% over a month. Three-month performance surged to 30.39% while six-month performance fell -0.75%. The stock lost -19.39% in the past year, while it has gained 13.29% so far this year. A look at the trailing 12-month EPS for ETWO yields -1.06 with Next year EPS estimates of 0.28. For the next quarter, that number is 0.07. This implies an EPS growth rate of -240.20% for this year and 11.55% for next year.
Float and Shares Shorts:
At present, 302.28 million ETWO shares are outstanding with a float of 238.02 million shares on hand for trading. On Oct 13, 2022, short shares totaled 14.01 million, which was 4.64% higher than short shares on Sep 14, 2022. In addition to Mr. Michael A. Farlekas as the firm’s Pres, CEO & Director, Mr. Peter R. Hantman serves as its COO & Exec. VP of Global Bus. Units.
Through their ownership of 109.68% of ETWO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.88% of ETWO, in contrast to 42.77% held by mutual funds. Shares owned by individuals account for 17.97%. As the largest shareholder in ETWO with 10.37% of the stake, Neuberger Berman Investment Advis holds 31,344,485 shares worth 31,344,485. A second-largest stockholder of ETWO, Temasek Holdings Pte Ltd., holds 29,248,151 shares, controlling over 9.68% of the firm’s shares. The WindAcre Partnership LLC is the third largest shareholder in ETWO, holding 27,638,792 shares or 9.14% stake. With a 2.14% stake in ETWO, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 6,465,136 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.80% of ETWO stock, is the second-largest Mutual Fund holder. It holds 5,451,994 shares valued at 32.0 million. iShares Russell 2000 ETF holds 1.47% of the stake in ETWO, owning 4,431,934 shares worth 26.02 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETWO since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ETWO analysts setting a high price target of $9.50 and a low target of $5.50, the average target price over the next 12 months is $7.33. Based on these targets, ETWO could surge 42.86% to reach the target high and fall by -17.29% to reach the target low. Reaching the average price target will result in a growth of 10.23% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ETWO will report FY 2023 earnings on 04/27/2023. Analysts have provided yearly estimates in a range of $0.25 being high and $0.24 being low. For ETWO, this leads to a yearly average estimate of $0.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. E2open Parent Holdings Inc. surprised analysts by -$0.01 when it reported $0.06 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.07.
Summary of Insider Activity:
Insiders traded ETWO stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 79,000 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 478,245 while 433,293 shares were sold.