E2open Parent (NYSE:ETWO) Stock Price Down 4.3% Following Weak Earnings

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price dropped 4.3% on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $4.46 and last traded at $4.46. Approximately 318,342 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,927,826 shares. The stock had previously closed at $4.66.

The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $151.16 million for the quarter, compared to analysts’ expectations of $155.48 million. E2open Parent had a positive return on equity of 3.36% and a negative net margin of 125.24%. During the same quarter in the prior year, the business posted $0.05 EPS.

Wall Street Analysts Forecast Growth

ETWO has been the subject of several recent analyst reports. 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 research note on Thursday. The Goldman Sachs Group dropped their target price on E2open Parent from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETWO. EntryPoint Capital LLC acquired a new position in shares of E2open Parent during the 1st quarter valued at $30,000. Russell Investments Group Ltd. purchased a new stake in shares of E2open Parent during the 4th quarter valued at about $55,000. Beacon Pointe Advisors LLC acquired a new position in E2open Parent during the 4th quarter worth approximately $57,000. SG Americas Securities LLC purchased a new position in E2open Parent in the 1st quarter worth approximately $62,000. Finally, Lazard Asset Management LLC acquired a new stake in E2open Parent in the first quarter valued at approximately $103,000.

E2open Parent Price Performance

The company’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -1.60, a P/E/G ratio of 1.40 and a beta of 0.92.

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.