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

E2open Parent Holdings, Inc. (NYSE:ETWO) shares 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 traded. The stock had previously closed at $2.26.

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

Hedge Funds Weigh In On E2open Parent

A number of large investors have recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new stake in shares of E2open Parent during the 3rd quarter worth $223,000. Charles Schwab Investment Management Inc. grew its position in E2open Parent by 25.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after acquiring an additional 349,951 shares during the period. The Manufacturers Life Insurance Company increased its stake in E2open Parent by 8.9% during the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock worth $482,000 after acquiring an additional 8,940 shares during the last quarter. MetLife Investment Management LLC increased its stake in E2open Parent by 21.2% during the third quarter. MetLife Investment Management LLC now owns 118,064 shares of the company’s stock worth $521,000 after acquiring an additional 20,667 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of E2open Parent in the 3rd quarter worth about $6,360,000.

E2open Parent Stock Down 5.5 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $732.81 million, a price-to-earnings ratio of -1.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The firm has a 50 day moving average price of $2.46 and a two-hundred day moving average price of $2.99.

E2open Parent (NYSE:ETWO) last announced 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 negative net margin of 74.63% and a positive return on equity of 4.38%. On average, equities analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

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.