E2open Parent (NYSE:ETWO) Price Target Cut to $3.00 by Analysts at Morgan Stanley

E2open Parent (NYSE:ETWO - Free Report) had its price objective reduced by Morgan Stanley from $4.00 to $3.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued research reports about the company. Loop Capital dropped their price objective on 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 lowered E2open Parent from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th.

E2open Parent Trading Up 0.8 %

ETWO traded up $0.02 during midday trading on Monday, reaching $2.56. 1,899,492 shares of the company were exchanged, compared to its average volume of 1,584,356. The stock has a market capitalization of $877.23 million, a P/E ratio of -1.00, a PEG ratio of 1.16 and a beta of 1.00. E2open Parent has a one year low of $2.50 and a one year high of $5.07. The stock's 50-day simple moving average is $2.96 and its 200 day simple moving average is $3.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

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 for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. As a group, analysts forecast that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On E2open Parent

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in shares of E2open Parent during the second quarter worth about $31,460,000. Dimensional Fund Advisors LP boosted its position in E2open Parent by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company's stock worth $30,537,000 after acquiring an additional 1,272,370 shares during the last quarter. State Street Corp grew its stake in shares of E2open Parent by 5.1% during the 3rd quarter. State Street Corp now owns 4,837,532 shares of the company's stock worth $21,334,000 after acquiring an additional 233,292 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock valued at $20,892,000 after purchasing an additional 759,398 shares during the last quarter. Finally, Sea Cliff Partners Management LP lifted its position in shares of E2open Parent by 14.1% in the second 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.

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.