E2open Parent (NYSE:ETWO) Stock Price Down 4.3% - What's Next?

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) shares were down 4.3% on Tuesday . The stock traded as low as $2.36 and last traded at $2.33. Approximately 17,530 shares traded hands during trading, a decline of 99% from the average daily volume of 1,200,722 shares. The stock had previously closed at $2.43.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ETWO shares. Morgan Stanley reduced their price objective on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. 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. Finally, Loop Capital cut 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.

E2open Parent Price Performance

The business's fifty day moving average price is $2.46 and its 200 day moving average price is $2.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $732.81 million, a P/E ratio of -1.43, a PEG ratio of 1.05 and a beta of 1.02.

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

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Institutional Investors Weigh In On E2open Parent

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of E2open Parent during the fourth quarter valued at about $6,151,000. Nomura Holdings Inc. raised its holdings in E2open Parent by 15.7% in the 4th quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company's stock valued at $39,169,000 after buying an additional 1,994,267 shares during the last quarter. JPMorgan Chase & Co. boosted its position in E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company's stock worth $8,644,000 after buying an additional 1,677,336 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in E2open Parent during the 3rd quarter worth approximately $6,360,000. Finally, Geode Capital Management LLC increased its position 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 valued at $20,892,000 after acquiring an additional 759,398 shares during the period.

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.