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

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

Wall Street Analyst Weigh In

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

E2open Parent Stock Performance

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

E2open Parent (NYSE:ETWO) last posted 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 positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, research analysts predict that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of E2open Parent

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in E2open Parent by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock valued at $72,878,000 after acquiring an additional 408,779 shares during the last quarter. Nomura Holdings Inc. lifted its stake in E2open Parent by 15.7% in the fourth quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company’s stock valued at $39,169,000 after acquiring an additional 1,994,267 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in E2open Parent by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company’s stock valued at $21,050,000 after acquiring an additional 505,463 shares during the last quarter. State Street Corp lifted its stake in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its stake in E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after acquiring an additional 759,398 shares during the last quarter.

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.