E2open Parent (NYSE:ETWO) Sets New 52-Week Low After Analyst Downgrade

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price hit a new 52-week low on Friday after The Goldman Sachs Group lowered their price target on the stock from $2.60 to $2.30. The Goldman Sachs Group currently has a sell rating on the stock. E2open Parent traded as low as $2.05 and last traded at $2.09, with a volume of 319687 shares changing hands. The stock had previously closed at $2.26.

Several other equities analysts have also recently weighed in on the company. Loop Capital lowered their price target on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. Morgan Stanley reduced their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th.

Institutional Trading of E2open Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new stake in shares of E2open Parent in the 3rd quarter worth $223,000. Charles Schwab Investment Management Inc. increased its position in E2open Parent by 25.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock worth $7,660,000 after buying an additional 349,951 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of E2open Parent by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock worth $482,000 after buying an additional 8,940 shares during the period. MetLife Investment Management LLC lifted its position in shares of E2open Parent by 21.2% during the 3rd quarter. MetLife Investment Management LLC now owns 118,064 shares of the company’s stock valued at $521,000 after buying an additional 20,667 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of E2open Parent during the 3rd quarter valued at approximately $6,360,000.

E2open Parent Stock Down 5.5 %

The company has a market capitalization of $732.81 million, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The company’s fifty day moving average is $2.46 and its 200-day moving average is $2.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal 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.