E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) shares fell 5.2% during mid-day trading on Wednesday . The company traded as low as $2.91 and last traded at $2.94. 138,593 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,938,444 shares. The stock had previously closed at $3.10.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group lowered E2open Parent from a "neutral" rating to a "sell" rating and cut their target price for the stock from $3.50 to $2.90 in a research note on Wednesday, December 11th.
Get Our Latest Report on ETWO
E2open Parent Price Performance
The firm's fifty day moving average price is $3.12 and its 200-day moving average price is $3.93. The stock has a market cap of $949.19 million, a P/E ratio of -1.08, a PEG ratio of 1.16 and a beta of 0.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.
E2open Parent (NYSE:ETWO - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. The firm had revenue of $152.19 million for the quarter, compared to analysts' expectations of $152.33 million. Analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.
Hedge Funds Weigh In On E2open Parent
A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings 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 buying an additional 297,898 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in E2open Parent by 25.2% during 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 buying an additional 349,951 shares during the period. Sea Cliff Partners Management LP increased its stake in shares of E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company's stock worth $19,351,000 after purchasing an additional 531,493 shares in the last quarter. Dimensional Fund Advisors LP increased its position in E2open Parent by 23.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company's stock worth $30,537,000 after buying an additional 1,272,370 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in E2open Parent during the 3rd quarter worth approximately $6,360,000.
About E2open Parent
(
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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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