E2open Parent (NYSE:ETWO) Sets New 12-Month Low - What's Next?

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $2.48 and last traded at $2.48, with a volume of 43428 shares changing hands. The stock had previously closed at $2.58.

Analyst Ratings Changes

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

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 stock has a market capitalization of $807.64 million, a P/E ratio of -1.58, a P/E/G ratio of 1.05 and a beta of 1.00. The company's fifty day simple moving average is $2.69 and its 200 day simple moving average is $3.33.

E2open Parent (NYSE:ETWO - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of E2open Parent

A number of hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its stake in E2open Parent by 219.1% in the third quarter. Creative Planning now owns 37,425 shares of the company's stock worth $165,000 after purchasing an additional 25,698 shares during the last quarter. US Bancorp DE lifted its stake in E2open Parent by 2,028.3% in the third quarter. US Bancorp DE now owns 37,267 shares of the company's stock worth $164,000 after purchasing an additional 35,516 shares during the last quarter. GSA Capital Partners LLP bought a new stake in E2open Parent in the third quarter worth $171,000. MQS Management LLC bought a new stake in E2open Parent in the third quarter worth $57,000. Finally, Empowered Funds LLC lifted its stake in E2open Parent by 41.4% in the third quarter. Empowered Funds LLC now owns 1,018,005 shares of the company's stock worth $4,489,000 after purchasing an additional 297,898 shares during 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.