E2open Parent (NYSE:ETWO) Reaches New 1-Year Low on Analyst Downgrade

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) hit a new 52-week low during mid-day trading on Friday after The Goldman Sachs Group lowered their price target on the stock from $2.60 to $2.30. The Goldman Sachs Group currently has a sell rating on the stock. E2open Parent traded as low as $2.05 and last traded at $2.09, with a volume of 319687 shares trading hands. The stock had previously closed at $2.26.

Other equities analysts have also issued reports about the stock. Morgan Stanley decreased their target price 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. Loop Capital lowered their price objective 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ETWO. Intech Investment Management LLC acquired a new position in shares of E2open Parent in the 3rd quarter worth approximately $223,000. Charles Schwab Investment Management Inc. raised its position in E2open Parent by 25.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company's stock valued at $7,660,000 after purchasing an additional 349,951 shares during the period. The Manufacturers Life Insurance Company lifted its stake in E2open Parent by 8.9% during the third quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company's stock worth $482,000 after purchasing an additional 8,940 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of E2open Parent by 21.2% during the third quarter. MetLife Investment Management LLC now owns 118,064 shares of the company's stock worth $521,000 after buying an additional 20,667 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of E2open Parent in the third quarter valued at $6,360,000.

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E2open Parent Price Performance

The company has a fifty day moving average of $2.44 and a 200-day moving average of $2.93. 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 cap of $688.19 million, a PE ratio of -1.35, a P/E/G ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its quarterly 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%. Sell-side analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

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.