This trade activity should not be overlooked: E2open Parent Holdings Inc. (ETWO)

E2open Parent Holdings Inc. (NYSE: ETWO) stock jumped 1.20% on Monday to $5.04 against a previous-day closing price of $4.98. With 0.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.37 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.16 whereas the lowest price it dropped to was $4.97. The 52-week range on ETWO shows that it touched its highest point at $7.20 and its lowest point at $3.92 during that stretch. It currently has a 1-year price target of $6.21. Beta for the stock currently stands at 0.65.

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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 1.00%, but this was up by 6.78% over a month. Three-month performance dropped to -5.44% while six-month performance fell -6.67%. The stock lost -28.91% in the past year, while it has lost -14.14% so far this year. A look at the trailing 12-month EPS for ETWO yields -3.19 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.06. This implies an EPS growth rate of -218.10% for this year and 28.43% for next year.

Float and Shares Shorts:

At present, 303.20 million ETWO shares are outstanding with a float of 254.30 million shares on hand for trading. On Aug 30, 2023, short shares totaled 14.0 million, which was 4.62% higher than short shares on Jul 30, 2023. In addition to Mr. Michael A. Farlekas as the firm’s Pres, CEO & Director, Ms. Marje Armstrong serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 104.97% of ETWO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 63.62% of ETWO, in contrast to 43.28% held by mutual funds. Shares owned by individuals account for 19.94%. As the largest shareholder in ETWO with 10.10% of the stake, Neuberger Berman Investment Advis holds 30,607,831 shares worth 30,607,831. A second-largest stockholder of ETWO, Temasek Holdings Pte Ltd., holds 29,248,151 shares, controlling over 9.65% of the firm’s shares. The WindAcre Partnership LLC is the third largest shareholder in ETWO, holding 28,817,992 shares or 9.51% stake. With a 1.90% stake in ETWO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,747,753 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.69% of ETWO stock, is the second-largest Mutual Fund holder. It holds 5,130,520 shares valued at 24.78 million. iShares Russell 2000 ETF holds 1.47% of the stake in ETWO, owning 4,463,859 shares worth 21.56 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETWO since 0 analysts follow the stock currently. 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 $8.50 and a low target of $5.00, the average target price over the next 12 months is $6.42. Based on these targets, ETWO could surge 68.65% to reach the target high and fall by -0.79% to reach the target low. Reaching the average price target will result in a growth of 27.38% 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.

Summary of Insider Activity:

Insiders traded ETWO stock several times over the past three months with 1 Buys and 3 Sells. In these transactions, 2,405 shares were bought while 26,899 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 1,078,800 while 16,486,298 shares were sold.

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