E2open Parent (NYSE:ETWO) Sets New 1-Year Low on Disappointing Earnings

E2open Parent Holdings, Inc. (NYSE:ETWO) hit a new 52-week low during mid-day trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $2.50 and last traded at $2.54, with a volume of 51913 shares trading hands. The stock had previously closed at $2.54.

The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%.

Wall Street Analyst Weigh In

ETWO has been the topic of a number of analyst reports. Loop Capital dropped their price target on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd. Morgan Stanley lowered their price target on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

Institutional Trading of E2open Parent

A number of large investors have recently made changes to their positions in ETWO. JPMorgan Chase & Co. lifted its holdings in E2open Parent by 593.3% in the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after acquiring an additional 1,677,336 shares during the period. Franklin Resources Inc. purchased a new stake in shares of E2open Parent during the 3rd quarter valued at about $504,000. Barclays PLC lifted its stake in shares of E2open Parent by 384.4% in the 3rd quarter. Barclays PLC now owns 303,515 shares of the company’s stock worth $1,338,000 after purchasing an additional 240,858 shares during the period. Geode Capital Management LLC increased its holdings in E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after buying an additional 759,398 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of E2open Parent in the 3rd quarter worth $508,000.

E2open Parent Trading Up 2.0 %

The company has a market capitalization of $890.94 million, a P/E ratio of -1.01, a PEG ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $2.94 and a 200 day moving average of $3.68.

E2open Parent Company Profile

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.