E2open Parent (NYSE:ETWO) Price Target Cut to $3.00 by Analysts at Loop Capital

E2open Parent (NYSE:ETWO) had its price target lowered by investment analysts at Loop Capital from $4.00 to $3.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price objective points to a potential upside of 13.64% from the company’s previous close.

Separately, The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th.

E2open Parent Trading Up 0.8 %

NYSE ETWO opened at $2.64 on Monday. E2open Parent has a 1 year low of $2.52 and a 1 year high of $5.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $904.65 million, a PE ratio of -1.03, a P/E/G ratio of 1.16 and a beta of 0.98. The company has a fifty day moving average of $3.07 and a 200 day moving average of $3.88.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. The business had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $152.33 million. Research analysts forecast that E2open Parent will post 0.19 earnings per share for the current year.

Institutional Trading of E2open Parent

Several institutional investors have recently bought and sold shares of ETWO. Bank of New York Mellon Corp raised its position in E2open Parent by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 798,741 shares of the company’s stock worth $3,586,000 after acquiring an additional 55,315 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in E2open Parent by 15.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company’s stock valued at $194,000 after buying an additional 5,854 shares in the last quarter. Innealta Capital LLC purchased a new position in E2open Parent in the 2nd quarter valued at about $34,000. nVerses Capital LLC acquired a new stake in E2open Parent in the 2nd quarter worth about $48,000. Finally, American Century Companies Inc. purchased a new stake in E2open Parent during the 2nd quarter worth approximately $353,000.

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.