E2open Parent (NYSE:ETWO) Hits New 1-Year Low - What's Next?

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley cut their price target on E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lowered shares of E2open Parent from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th. Finally, Loop Capital decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a research report on Monday, December 23rd.

E2open Parent Price Performance

The company has a 50 day moving average price of $2.57 and a 200 day moving average price of $3.16. 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 company has a market capitalization of $756.84 million, a P/E ratio of -1.48, a P/E/G ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) 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%. On average, equities analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

A number of institutional investors have recently modified their holdings of ETWO. JPMorgan Chase & Co. increased its stake in E2open Parent by 593.3% in the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company's stock valued at $8,644,000 after acquiring an additional 1,677,336 shares during the last quarter. Empowered Funds LLC increased its stake in shares of E2open Parent by 41.4% in the third quarter. Empowered Funds LLC now owns 1,018,005 shares of the company's stock valued at $4,489,000 after buying an additional 297,898 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in E2open Parent by 25.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company's stock worth $7,660,000 after purchasing an additional 349,951 shares during the last quarter. Rhumbline Advisers raised its stake in E2open Parent by 7.6% during the fourth quarter. Rhumbline Advisers now owns 310,057 shares of the company's stock worth $825,000 after buying an additional 21,800 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock worth $20,892,000 after acquiring an additional 759,398 shares in the last quarter.

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.

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