The Goldman Sachs Group Cuts E2open Parent (NYSE:ETWO) Price Target to $2.30

E2open Parent (NYSE:ETWO) had its target price reduced by The Goldman Sachs Group from $2.60 to $2.30 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

A number of other brokerages also recently weighed in on ETWO. Morgan Stanley decreased their price target on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Loop Capital decreased 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.

E2open Parent Price Performance

Shares of ETWO opened at $2.14 on Friday. The business has a 50-day moving average of $2.46 and a 200-day moving average of $2.97. 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 company has a market capitalization of $732.81 million, a price-to-earnings ratio of -1.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. E2open Parent has a 1 year low of $2.05 and a 1 year high of $5.08.

E2open Parent (NYSE:ETWO) last released its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share (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, equities research analysts anticipate that E2open Parent will post 0.19 earnings per share for the current year.

Institutional Trading of E2open Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of E2open Parent by 2,494.1% during the fourth quarter. Mackenzie Financial Corp now owns 282,552 shares of the company’s stock worth $752,000 after purchasing an additional 271,660 shares during the period. Public Employees Retirement System of Ohio bought a new stake in E2open Parent during the 4th quarter worth approximately $298,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of E2open Parent by 18.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 473,011 shares of the company’s stock worth $1,258,000 after purchasing an additional 72,032 shares during the last quarter. Tidal Investments LLC bought a new position in shares of E2open Parent in the fourth quarter valued at approximately $38,000. Finally, ProShare Advisors LLC boosted its position in shares of E2open Parent by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 57,629 shares of the company’s stock valued at $153,000 after buying an additional 18,962 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.