E2open Parent (NYSE:ETWO) Trading Down 7.7% After Analyst Downgrade

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) was down 7.7% 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 traded 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.

Several other research firms have also recently commented on ETWO. Morgan Stanley cut 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 report on Monday, January 13th. Loop Capital cut their price target on E2open Parent from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Monday, December 23rd.

Institutional Investors Weigh In On E2open Parent

Several large investors have recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new position in shares of E2open Parent during the fourth quarter worth approximately $35,000. Tidal Investments LLC bought a new stake in shares of E2open Parent during the fourth quarter worth $38,000. KLP Kapitalforvaltning AS acquired a new stake in shares of E2open Parent during the fourth quarter valued at about $86,000. Occudo Quantitative Strategies LP bought a new position in shares of E2open Parent during the fourth quarter valued at $101,000. Finally, Mariner LLC increased its stake in shares of E2open Parent by 276.3% in the fourth quarter. Mariner LLC now owns 45,414 shares of the company's stock valued at $121,000 after buying an additional 33,345 shares during the period.

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E2open Parent Stock Down 8.0 %

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 $653.87 million, a price-to-earnings ratio of -1.28, a P/E/G ratio of 1.05 and a beta of 1.02. The stock's 50-day moving average price is $2.43 and its 200-day moving average price is $2.93.

E2open Parent (NYSE:ETWO - Get Free Report) last issued 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 positive return on equity of 4.38% and a negative net margin of 74.63%. On average, sell-side analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current 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.