E2open Parent (NYSE:ETWO) Hits New 52-Week Low – Time to Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price reached a new 52-week low on Thursday . The company traded as low as $1.87 and last traded at $1.89, with a volume of 37868 shares. The stock had previously closed at $2.07.

Analyst Upgrades and Downgrades

A number of research firms have commented on ETWO. The Goldman Sachs Group cut their target price on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research report on Friday, March 28th. Morgan Stanley cut 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 report on Monday, January 13th. Finally, Loop Capital lowered their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd.

E2open Parent Stock Down 7.7 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The business’s 50-day simple moving average is $2.43 and its 200-day simple moving average is $2.93. The company has a market capitalization of $655.58 million, a PE ratio of -1.28, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last issued its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of E2open Parent by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,053 shares of the company’s stock worth $311,000 after acquiring an additional 5,051 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of E2open Parent by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock valued at $482,000 after buying an additional 8,940 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of E2open Parent by 15.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company’s stock worth $208,000 after buying an additional 10,321 shares in the last quarter. Bayesian Capital Management LP acquired a new position in E2open Parent during the fourth quarter worth about $35,000. Finally, SG Americas Securities LLC grew its stake in E2open Parent by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after acquiring an additional 13,489 shares in 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.