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

E2open Parent Holdings, Inc. (NYSE:ETWO) shares 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 changing hands. The stock had previously closed at $2.55.

Analyst Ratings Changes

ETWO has been the subject of a number of recent research reports. Loop Capital cut their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Morgan Stanley decreased their target price 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. Finally, The Goldman Sachs Group downgraded shares of E2open Parent from a “neutral” rating to a “sell” rating and cut their price target for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Trading Up 2.3 %

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 stock has a market cap of $895.17 million, a price-to-earnings ratio of -1.75, a P/E/G ratio of 1.11 and a beta of 1.00. The business’s 50 day moving average is $2.85 and its 200 day moving average is $3.61.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings results on Friday, January 10th. The company reported $0.05 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%. As a group, equities analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of E2open Parent

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can purchased a new stake in shares of E2open Parent during the second quarter worth approximately $31,460,000. Dimensional Fund Advisors LP lifted its stake in shares of E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after acquiring an additional 1,272,370 shares during the period. State Street Corp boosted its holdings in shares of E2open Parent by 5.1% in the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after acquiring an additional 233,292 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after acquiring an additional 759,398 shares during the period. Finally, Sea Cliff Partners Management LP raised its holdings in E2open Parent by 14.1% during the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 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.