E2open Parent (NYSE:ETWO) Shares Down 2.8% Following Analyst Downgrade

E2open Parent Holdings, Inc. (NYSE:ETWOGet Free Report)’s stock price traded down 2.8% on Friday after The Goldman Sachs Group lowered their price target on the stock from $4.00 to $3.50. The Goldman Sachs Group currently has a neutral rating on the stock. E2open Parent traded as low as $3.07 and last traded at $3.11. 79,973 shares were traded during trading, a decline of 96% from the average session volume of 2,036,183 shares. The stock had previously closed at $3.20.

Separately, UBS Group lowered their target price on shares of E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a report on Thursday, July 11th.

Get Our Latest Stock Analysis on ETWO

Hedge Funds Weigh In On E2open Parent

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after purchasing an additional 2,823,090 shares during the period. Nomura Holdings Inc. boosted its position in E2open Parent by 908.4% in the 4th quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company’s stock valued at $70,677,000 after buying an additional 14,503,050 shares during the period. Price T Rowe Associates Inc. MD boosted its position in E2open Parent by 17.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock valued at $217,000 after buying an additional 7,399 shares during the period. Sea Cliff Partners Management LP increased its position in shares of 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 acquiring an additional 531,493 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of E2open Parent by 23.0% during the second 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.

E2open Parent Stock Down 4.2 %

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.05 billion, a P/E ratio of -1.19, a P/E/G ratio of 1.35 and a beta of 0.92. The company’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.40.

E2open Parent (NYSE:ETWOGet Free Report) last issued its earnings results on Wednesday, July 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). E2open Parent had a positive return on equity of 3.87% and a negative net margin of 125.70%. The firm had revenue of $151.16 million during the quarter, compared to analysts’ expectations of $155.48 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, research analysts expect that E2open Parent Holdings, Inc. will post 0.2 earnings per share for the current year.

E2open Parent Company Profile

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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.

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