Loop Capital Issues Pessimistic Forecast for E2open Parent (NYSE:ETWO) Stock Price

E2open Parent (NYSE:ETWO) had its target price trimmed by Loop Capital from $4.00 to $3.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

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

E2open Parent Stock Down 0.4 %

Shares of NYSE ETWO opened at $2.62 on Monday. The stock has a market capitalization of $897.79 million, a P/E ratio of -1.02, a PEG ratio of 1.16 and a beta of 0.98. The stock’s fifty day moving average is $3.08 and its 200 day moving average is $3.90. E2open Parent has a 52 week low of $2.52 and a 52 week high of $5.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

E2open Parent (NYSE:ETWO) last released its earnings results on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. The firm had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. Sell-side analysts forecast that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in E2open Parent by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 798,741 shares of the company’s stock valued at $3,586,000 after buying an additional 55,315 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 acquiring an additional 5,854 shares during the period. Innealta Capital LLC bought a new position in shares of E2open Parent during the second quarter valued at $34,000. nVerses Capital LLC acquired a new position in shares of E2open Parent during the second quarter worth $48,000. Finally, American Century Companies Inc. bought a new stake in shares of E2open Parent in the second quarter worth $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.