E2open Parent (NYSE:ETWO) Stock Price Down 2.8% Following Analyst Downgrade

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price traded down 2.8% during trading on Friday after The Goldman Sachs Group lowered their price target on the stock from $4.00 to $3.50. The Goldman Sachs Group currently has a neutral rating on the stock. E2open Parent traded as low as $3.07 and last traded at $3.11. 79,973 shares changed hands during trading, a decline of 96% from the average session volume of 2,036,183 shares. The stock had previously closed at $3.20.

Separately, UBS Group reduced their price objective on E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a report on Thursday, July 11th.

Institutional Investors Weigh In On E2open Parent

A number of institutional investors have recently made changes to their positions in ETWO. EntryPoint Capital LLC acquired a new stake in shares of E2open Parent in the first quarter valued at approximately $30,000. Innealta Capital LLC acquired a new stake in shares of E2open Parent in the second quarter valued at approximately $34,000. nVerses Capital LLC acquired a new stake in shares of E2open Parent in the second quarter valued at approximately $48,000. Canada Pension Plan Investment Board acquired a new stake in shares of E2open Parent in the second quarter valued at approximately $50,000. Finally, SG Americas Securities LLC acquired a new stake in shares of E2open Parent in the first quarter valued at approximately $62,000.

E2open Parent Trading Down 4.1 %

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $4.41. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -1.19, a P/E/G ratio of 1.35 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Wednesday, July 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.87%. The firm had revenue of $151.16 million for the quarter, compared to analyst estimates of $155.48 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Research analysts predict that E2open Parent Holdings, Inc. will post 0.2 earnings per share for the current year.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.