E2open Parent (NYSE:ETWO) Sets New 1-Year Low – Here’s What Happened

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.48 and last traded at $2.48, with a volume of 43428 shares. The stock had previously closed at $2.58.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ETWO. Morgan Stanley reduced their price target on shares of 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. Loop Capital reduced their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group downgraded shares of E2open Parent from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th.

E2open Parent Stock Performance

The stock has a market capitalization of $846.09 million, a P/E ratio of -1.65, a P/E/G ratio of 1.16 and a beta of 1.00. The company’s 50-day moving average is $2.72 and its two-hundred day moving average is $3.36. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last issued 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 negative net margin of 74.63% and a positive return on equity of 4.38%. As a group, sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

Several hedge funds have recently bought and sold shares of ETWO. Creative Planning increased its stake 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 buying an additional 25,698 shares during the period. US Bancorp DE increased its stake in E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after buying an additional 35,516 shares during the period. GSA Capital Partners LLP acquired a new position in E2open Parent during the 3rd quarter valued at about $171,000. MQS Management LLC acquired a new position in E2open Parent during the 3rd quarter valued at about $57,000. Finally, Empowered Funds LLC increased its stake in E2open Parent by 41.4% during the 3rd quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock valued at $4,489,000 after buying an additional 297,898 shares during the period.

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.