E2open Parent (NYSE:ETWO) Given New $2.30 Price Target at The Goldman Sachs Group

E2open Parent (NYSE:ETWO) had its price objective dropped by investment analysts at The Goldman Sachs Group from $2.60 to $2.30 in a report released on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 7.73% from the company’s previous close.

ETWO has been the subject of a number of other research reports. Morgan Stanley dropped their price objective on shares of 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 cut their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd.

E2open Parent Trading Down 5.5 %

ETWO opened at $2.14 on Friday. 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 company’s 50 day simple moving average is $2.46 and its two-hundred day simple moving average is $2.98. E2open Parent has a 1-year low of $2.05 and a 1-year high of $5.08. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Friday, January 10th. The company reported $0.05 EPS 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%. Analysts expect that E2open Parent will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ETWO. Bayesian Capital Management LP purchased a new stake in shares of E2open Parent in the 4th quarter valued at approximately $35,000. Tidal Investments LLC purchased a new stake in E2open Parent in the fourth quarter valued at approximately $38,000. KLP Kapitalforvaltning AS acquired a new position in E2open Parent during the fourth quarter worth $86,000. Occudo Quantitative Strategies LP purchased a new position in shares of E2open Parent during the fourth quarter worth $101,000. Finally, Mariner LLC grew its stake in shares of E2open Parent by 276.3% in the fourth quarter. Mariner LLC now owns 45,414 shares of the company’s stock valued at $121,000 after buying an additional 33,345 shares in the last quarter.

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.