E2open Parent (NYSE:ETWO) Reaches New 52-Week Low – Should You Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.49 and last traded at $2.51, with a volume of 249673 shares trading hands. The stock had previously closed at $2.55.

Analyst Upgrades and Downgrades

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

E2open Parent Price Performance

The company has a 50 day moving average price of $2.83 and a 200 day moving average price of $3.58. 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 firm has a market cap of $928.46 million, a PE ratio of -1.82, a PEG ratio of 1.11 and a beta of 1.00.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On E2open Parent

A number of large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new stake in E2open Parent during the second quarter worth $50,000. MQS Management LLC acquired a new position in shares of E2open Parent during the 3rd quarter worth $57,000. Dark Forest Capital Management LP purchased a new stake in shares of E2open Parent in the 2nd quarter worth about $98,000. US Bancorp DE grew its stake in E2open Parent by 2,028.3% in the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after acquiring an additional 35,516 shares during the last quarter. Finally, Creative Planning increased its holdings in E2open Parent by 219.1% during the 3rd quarter. Creative Planning now owns 37,425 shares of the company’s stock valued at $165,000 after acquiring an additional 25,698 shares in the last quarter.

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.