Janney Montgomery Scott assumed coverage on shares of E2OPEN (NASDAQ:EOPN) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of E2OPEN from $20.00 to $28.00 in a research note to investors on Monday, November 18th. They now have a buy rating on the stock. Separately, analysts at Northland Securities reiterated a buy rating on shares of E2OPEN in a research note to investors on Tuesday, October 1st. They now have a $25.00 price target on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of E2OPEN from $21.00 to $27.00 in a research note to investors on Tuesday, October 1st. They now have a buy rating on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of $23.83.
E2OPEN (NASDAQ:EOPN) traded up 0.78% during mid-day trading on Wednesday, hitting $20.67. 35,046 shares of the company’s stock traded hands. E2OPEN has a one year low of $12.27 and a one year high of $26.00. The stock has a 50-day moving average of $22.52 and a 200-day moving average of $20.24. The company’s market cap is $547.9 million.
E2OPEN (NASDAQ:EOPN) last announced its earnings results on Thursday, October 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.05. The company had revenue of $18.00 million for the quarter, compared to the consensus estimate of $17.50 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that E2OPEN will post $-0.55 EPS for the current fiscal year.
E2open, Inc is a provider of cloud-based, on-demand software solutions. The Company’s software applications allow network participants to input, access and share data and execute business processes across internal operating units and external entities.
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