E2open Parent (NYSE:ETWO) Sets New 52-Week Low - Here's Why

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $1.87 and last traded at $1.89, with a volume of 37868 shares changing hands. The stock had previously closed at $2.07.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ETWO. The Goldman Sachs Group reduced their price target 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. 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 note on Monday, December 23rd. Finally, Morgan Stanley lowered their target price on E2open Parent from $4.00 to $3.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th.

E2open Parent Trading Down 0.8 %

The company has a market cap of $647.00 million, a price-to-earnings ratio of -1.27, a PEG ratio of 1.05 and a beta of 1.04. The business's 50 day moving average price is $2.38 and its 200-day moving average price is $2.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91.

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 negative net margin of 74.63% and a positive return on equity of 4.38%. On average, equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in shares of E2open Parent by 2,494.1% in the 4th quarter. Mackenzie Financial Corp now owns 282,552 shares of the company's stock valued at $752,000 after purchasing an additional 271,660 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in E2open Parent in the fourth quarter valued at about $298,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in E2open Parent by 18.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 473,011 shares of the company's stock valued at $1,258,000 after acquiring an additional 72,032 shares during the last quarter. Tidal Investments LLC acquired a new position in E2open Parent during the fourth quarter worth about $38,000. Finally, ProShare Advisors LLC lifted its holdings in shares of E2open Parent by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 57,629 shares of the company's stock worth $153,000 after acquiring an additional 18,962 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.