E2open Parent (NYSE:ETWO) Hits New 12-Month Low – Time to Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $2.92 and last traded at $3.01, with a volume of 797443 shares trading hands. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group reduced their target price on E2open Parent from $4.50 to $4.20 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. The Goldman Sachs Group cut their price objective on E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, October 11th.

E2open Parent Stock Up 2.7 %

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $3.90 and a 200 day moving average of $4.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of E2open Parent during the 1st quarter worth about $30,000. Innealta Capital LLC acquired a new position in shares of E2open Parent during the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new position in shares of E2open Parent during the 2nd quarter worth about $48,000. Canada Pension Plan Investment Board acquired a new position in shares of E2open Parent during the 2nd quarter worth about $50,000. Finally, SG Americas Securities LLC acquired a new position in shares of E2open Parent during the 1st quarter worth about $62,000.

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.