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E2open (NASDAQ:EOPN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Thursday. The firm currently has a $16.10 price objective on the stock. Zacks‘s target price suggests a potential upside of 2.55% from the company’s current price.

Separately, analysts at Bank of America downgraded shares of E2open from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $21.50 price target on the stock, down previously from $23.50. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.51.

Shares of E2open (NASDAQ:EOPN) traded down 1.18% on Thursday, hitting $15.5154. 56,007 shares of the company’s stock traded hands. E2open has a one year low of $14.21 and a one year high of $29.82. The stock has a 50-day moving average of $17.46 and a 200-day moving average of $20.34. The company’s market cap is $451.5 million.

E2open (NASDAQ:EOPN) last announced its earnings results on Thursday, July 10th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.01. The company had revenue of $19.60 million for the quarter, compared to the consensus estimate of $19.48 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that E2open will post $-0.53 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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