E2open Parent (NYSE:ETWO) Sets New 12-Month Low – Here’s Why

E2open Parent Holdings, Inc. (NYSE:ETWO) reached a new 52-week low on Wednesday . The stock traded as low as $2.11 and last traded at $2.13, with a volume of 208690 shares. The stock had previously closed at $2.19.

Analysts Set New Price Targets

ETWO has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of 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. Morgan Stanley lowered their price objective on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Loop Capital lowered their price objective on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd.

E2open Parent Stock Performance

The firm has a market cap of $743.11 million, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50 day moving average is $2.55 and its 200-day moving average is $3.14.

E2open Parent (NYSE:ETWO) last released its 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 positive return on equity of 4.38% and a negative net margin of 74.63%. Sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MQS Management LLC bought a new position in shares of E2open Parent during the 3rd quarter worth about $57,000. Bayesian Capital Management LP bought a new position in shares of E2open Parent during the 4th quarter worth about $35,000. Tidal Investments LLC bought a new position in shares of E2open Parent during the 4th quarter worth about $38,000. KLP Kapitalforvaltning AS bought a new position in shares of E2open Parent during the 4th quarter worth about $86,000. Finally, US Bancorp DE increased its holdings in shares of E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after purchasing an additional 35,516 shares during the period.

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.