Morgan Stanley Lowers E2open Parent (NYSE:ETWO) Price Target to $2.30

E2open Parent (NYSE:ETWO - Free Report) had its target price cut by Morgan Stanley from $3.00 to $2.30 in a research note published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Loop Capital reduced their price objective on shares of E2open Parent from $4.00 to $3.00 and set a "hold" rating on the stock in a research note on Monday, December 23rd. The Goldman Sachs Group decreased their price objective on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research note on Friday, March 28th.

E2open Parent Price Performance

NYSE:ETWO traded down $0.05 during trading hours on Wednesday, reaching $1.90. 1,266,637 shares of the company were exchanged, compared to its average volume of 1,721,372. The company has a market capitalization of $652.15 million, a P/E ratio of -1.28, a P/E/G ratio of 1.05 and a beta of 1.04. 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 business has a 50 day moving average of $2.21 and a 200 day moving average of $2.70. E2open Parent has a 1-year low of $1.50 and a 1-year high of $5.08.

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETWO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of E2open Parent by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,053 shares of the company's stock valued at $311,000 after acquiring an additional 5,051 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in E2open Parent by 15.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,907 shares of the company's stock worth $208,000 after purchasing an additional 10,321 shares during the period. Bayesian Capital Management LP bought a new stake in E2open Parent in the fourth quarter valued at $35,000. SG Americas Securities LLC increased its stake in E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock valued at $227,000 after purchasing an additional 13,489 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of E2open Parent during the fourth quarter valued at about $38,000.

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.