E2open Parent (NYSE:ETWO) Trading Down 4.3% – What’s Next?

E2open Parent Holdings, Inc. (NYSE:ETWO) dropped 4.3% on Tuesday . The stock traded as low as $2.36 and last traded at $2.33. Approximately 17,530 shares traded hands during trading, a decline of 99% from the average daily volume of 1,200,722 shares. The stock had previously closed at $2.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley decreased 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 report on Monday, January 13th. The Goldman Sachs Group cut shares of E2open Parent from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $3.50 to $2.90 in a research report on Wednesday, December 11th. Finally, Loop Capital reduced their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd.

E2open Parent Stock Down 1.3 %

The stock’s fifty day moving average price is $2.48 and its 200-day moving average price is $3.01. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $762.33 million, a price-to-earnings ratio of -1.52, a P/E/G ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last issued its earnings results 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%. On average, sell-side analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

Large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its position in shares of E2open Parent by 2,494.1% in the fourth quarter. Mackenzie Financial Corp now owns 282,552 shares of the company’s stock valued at $752,000 after purchasing an additional 271,660 shares during the period. Public Employees Retirement System of Ohio bought a new position in E2open Parent in the 4th quarter valued at about $298,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in E2open Parent by 18.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 473,011 shares of the company’s stock worth $1,258,000 after acquiring an additional 72,032 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of E2open Parent during the fourth quarter worth approximately $38,000. Finally, ProShare Advisors LLC grew its position in shares of E2open Parent by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 57,629 shares of the company’s stock valued at $153,000 after purchasing an additional 18,962 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.