Shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) dropped 7.7% during trading on Monday 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 $1.98 and last traded at $1.98. Approximately 61,715 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,729,102 shares. The stock had previously closed at $2.14.
ETWO has been the subject of several other research reports. Morgan Stanley decreased their target price on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Loop Capital cut 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.
Read Our Latest Report on ETWO
Institutional Trading of E2open Parent
Several large investors have recently made changes to their positions in ETWO. Bayesian Capital Management LP acquired a new stake in shares of E2open Parent in the 4th quarter valued at $35,000. Tidal Investments LLC bought a new position in E2open Parent in the fourth quarter valued at about $38,000. KLP Kapitalforvaltning AS acquired a new position in E2open Parent during the fourth quarter worth about $86,000. Occudo Quantitative Strategies LP acquired a new position in E2open Parent during the fourth quarter worth about $101,000. Finally, Mariner LLC lifted its holdings in shares of E2open Parent by 276.3% in the fourth quarter. Mariner LLC now owns 45,414 shares of the company's stock worth $121,000 after acquiring an additional 33,345 shares during the last quarter.
E2open Parent Price Performance
The business's 50-day simple moving average is $2.42 and its two-hundred day simple moving average is $2.92. 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 $629.84 million, a price-to-earnings ratio of -1.23, a price-to-earnings-growth 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 the consensus estimate 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%. Research analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.
About E2open Parent
(
Get Free Report)
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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