E2open Parent (NYSE:ETWO) Price Target Cut to $4.00

E2open Parent (NYSE:ETWO) had its price target decreased by equities researchers at The Goldman Sachs Group from $4.50 to $4.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 7.94% from the stock’s current price.

E2open Parent Stock Up 5.0 %

Shares of ETWO opened at $4.35 on Thursday. The firm has a market capitalization of $1.48 billion, a P/E ratio of -1.68, a P/E/G ratio of 1.40 and a beta of 0.92. E2open Parent has a 12-month low of $2.15 and a 12-month high of $5.39. 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 firm has a fifty day moving average price of $4.63 and a 200-day moving average price of $4.30.

E2open Parent (NYSE:ETWO) last released its quarterly earnings data on Wednesday, July 10th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). E2open Parent had a positive return on equity of 3.36% and a negative net margin of 125.24%. The business had revenue of $151.16 million during the quarter, compared to analysts’ expectations of $155.48 million. During the same period last year, the company earned $0.05 earnings per share. Equities research analysts expect that E2open Parent will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On E2open Parent

Several hedge funds have recently modified their holdings of ETWO. Nomura Holdings Inc. increased its holdings in shares of E2open Parent by 908.4% during the fourth quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company’s stock valued at $70,677,000 after acquiring an additional 14,503,050 shares in the last quarter. Sea Cliff Partners Management LP acquired a new position in shares of E2open Parent during the fourth quarter valued at about $14,020,000. Norges Bank acquired a new position in E2open Parent in the 4th quarter worth approximately $13,168,000. Vanguard Group Inc. increased its holdings in E2open Parent by 12.9% in the 1st quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock worth $110,001,000 after buying an additional 2,823,090 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in E2open Parent in the 1st quarter worth approximately $7,045,000.

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.