E2open Parent (NYSE:ETWO) Given New $2.30 Price Target at The Goldman Sachs Group

E2open Parent (NYSE:ETWO - Get Free Report) had its price target reduced by equities research analysts at The Goldman Sachs Group from $2.60 to $2.30 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 15.29% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley decreased their price objective on E2open Parent from $4.00 to $3.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Loop Capital decreased their price target on shares of E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a research report on Monday, December 23rd.

E2open Parent Stock Down 0.2 %

Shares of E2open Parent stock traded down $0.01 during trading on Friday, hitting $2.00. 290,793 shares of the stock traded hands, compared to its average volume of 1,727,984. E2open Parent has a 52-week low of $1.96 and a 52-week high of $5.08. The stock's fifty day simple moving average is $2.45 and its 200 day simple moving average is $2.95. The firm has a market cap of $684.76 million, a P/E ratio of -1.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91.

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E2open Parent (NYSE:ETWO - Get Free Report) last announced its quarterly earnings results 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 4.38% and a negative net margin of 74.63%. On average, equities analysts predict that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in E2open Parent by 593.3% in the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company's stock worth $8,644,000 after acquiring an additional 1,677,336 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of E2open Parent by 25.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company's stock valued at $7,660,000 after purchasing an additional 349,951 shares during the last quarter. Rhumbline Advisers grew its position in E2open Parent by 7.6% during the 4th quarter. Rhumbline Advisers now owns 310,057 shares of the company's stock worth $825,000 after purchasing an additional 21,800 shares during the last quarter. Barclays PLC increased its stake in E2open Parent by 384.4% during the 3rd quarter. Barclays PLC now owns 303,515 shares of the company's stock valued at $1,338,000 after purchasing an additional 240,858 shares in the last quarter. Finally, 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 worth $20,892,000 after buying an additional 759,398 shares during 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.