E2open Parent (NYSE:ETWO) Hits New 12-Month Low Following Weak Earnings

E2open Parent Holdings, Inc. (NYSE:ETWO) shares reached a new 52-week low during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $2.50 and last traded at $2.54, with a volume of 51913 shares trading hands. The stock had previously closed at $2.54.

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 3.92% and a negative net margin of 125.70%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ETWO shares. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and decreased their price target for the company from $3.50 to $2.90 in a report on Wednesday, December 11th. Loop Capital decreased their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd. Finally, Morgan Stanley dropped their price target on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Monday.

Institutional Investors Weigh In On E2open Parent

A number of hedge funds have recently made changes to their positions in ETWO. Canada Pension Plan Investment Board bought a new stake in E2open Parent in the 2nd quarter worth approximately $50,000. MQS Management LLC bought a new stake in E2open Parent in the third quarter worth $57,000. Dark Forest Capital Management LP purchased a new stake in E2open Parent during the second quarter valued at $98,000. US Bancorp DE raised its stake in E2open Parent by 2,028.3% during the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after purchasing an additional 35,516 shares in the last quarter. Finally, Creative Planning lifted its position in E2open Parent by 219.1% during the third quarter. Creative Planning now owns 37,425 shares of the company’s stock valued at $165,000 after purchasing an additional 25,698 shares during the last quarter.

E2open Parent Stock Up 2.0 %

The business’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $3.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $890.94 million, a PE ratio of -1.01, a PEG ratio of 1.16 and a beta of 1.00.

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.