E2open Parent (NYSE:ETWO) Hits New 1-Year Low After Earnings Miss

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

The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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%.

Wall Street Analyst Weigh In

ETWO has been the subject of several recent analyst reports. Loop Capital decreased their target price on E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a research report on Monday, December 23rd. Morgan Stanley lowered their target price on E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group lowered shares of E2open Parent from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th.

Institutional Investors Weigh In On E2open Parent

Several institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its position in E2open Parent by 41.4% during the third quarter. Empowered Funds LLC now owns 1,018,005 shares of the company's stock worth $4,489,000 after buying an additional 297,898 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 349,951 shares in the last quarter. Sea Cliff Partners Management LP increased its holdings in shares of E2open Parent by 14.1% during the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company's stock valued at $19,351,000 after acquiring an additional 531,493 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company's stock valued at $30,537,000 after acquiring an additional 1,272,370 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 759,398 shares during the last quarter.

E2open Parent Stock Up 0.8 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $2.95 and a 200-day simple moving average of $3.69. The stock has a market cap of $877.23 million, a P/E ratio of -1.00, 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.