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

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

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

E2open Parent Stock Up 0.8 %

Shares of NYSE ETWO opened at $2.64 on Monday. E2open Parent has a 12-month low of $2.52 and a 12-month high of $5.07. The stock’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.88. The stock has a market capitalization of $904.65 million, a PE ratio of -1.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

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

Institutional Investors Weigh In On E2open Parent

Large investors have recently modified their holdings of the business. Bank of Montreal Can purchased a new stake in shares of E2open Parent during the second quarter valued at $31,460,000. Jacobs Levy Equity Management Inc. acquired a new stake in E2open Parent during the 3rd quarter worth about $6,360,000. Dimensional Fund Advisors LP grew its stake in E2open Parent by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after purchasing an additional 1,272,370 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after purchasing an additional 759,398 shares during the period. Finally, Sea Cliff Partners Management LP raised its stake in shares of E2open Parent by 14.1% in the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 shares during 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.