E2open Parent (NYSE:ETWO) PT Lowered to $4.00 at The Goldman Sachs Group

E2open Parent (NYSE:ETWO) had its price target cut by The Goldman Sachs Group from $4.50 to $4.00 in a research report released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

E2open Parent Price Performance

Shares of NYSE ETWO opened at $4.34 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66. E2open Parent has a twelve month low of $2.15 and a twelve month high of $5.39. The stock has a 50 day moving average of $4.63 and a two-hundred day moving average of $4.30. The stock has a market cap of $1.48 billion, a P/E ratio of -1.68, a P/E/G ratio of 1.37 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Wednesday, July 10th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. 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 firm posted $0.05 EPS. On average, research analysts forecast that E2open Parent will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new position in shares of E2open Parent in the first quarter valued at approximately $30,000. Russell Investments Group Ltd. acquired a new position in shares of E2open Parent in the fourth quarter valued at approximately $55,000. Beacon Pointe Advisors LLC acquired a new position in shares of E2open Parent in the fourth quarter valued at approximately $57,000. SG Americas Securities LLC acquired a new position in shares of E2open Parent in the first quarter valued at approximately $62,000. Finally, Lazard Asset Management LLC acquired a new position in shares of E2open Parent in the first quarter valued at approximately $103,000.

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.