E2open Parent (NYSE:ETWO) Price Target Cut to $4.20 by Analysts at UBS Group

E2open Parent (NYSE:ETWO) had its price objective trimmed by UBS Group from $4.50 to $4.20 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, The Goldman Sachs Group dropped their price objective on shares of E2open Parent from $4.50 to $4.00 and set a neutral rating for the company in a report on Thursday.

E2open Parent Stock Down 7.1 %

Shares of NYSE ETWO opened at $4.14 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $4.64 and a 200 day moving average of $4.30. E2open Parent has a 12-month low of $2.15 and a 12-month high of $5.88. The stock has a market cap of $1.41 billion, a PE ratio of -1.60, a P/E/G ratio of 1.40 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $151.16 million during the quarter, compared to analyst estimates of $155.48 million. E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. During the same period in the prior year, the business posted $0.05 EPS. As a group, sell-side analysts predict that E2open Parent will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

Institutional investors and hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new stake in shares of E2open Parent during the first quarter valued at about $30,000. Russell Investments Group Ltd. acquired a new stake in E2open Parent in the 4th quarter valued at approximately $55,000. Beacon Pointe Advisors LLC purchased a new stake in E2open Parent in the fourth quarter valued at approximately $57,000. SG Americas Securities LLC purchased a new stake in E2open Parent in the first quarter valued at approximately $62,000. Finally, Lazard Asset Management LLC acquired a new position in E2open Parent during the first quarter worth $103,000.

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.