E2open Parent (NYSE:ETWO) Sets New 1-Year Low – Should You Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.80 and last traded at $2.80, with a volume of 100 shares traded. The stock had previously closed at $3.03.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price target on shares of E2open Parent from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, October 11th.

E2open Parent Stock Down 1.5 %

The firm has a 50 day moving average price of $3.49 and a 200-day moving average price of $4.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -1.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

E2open Parent (NYSE:ETWO) last released its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. As a group, equities analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

Several hedge funds and other institutional investors have recently modified their holdings of ETWO. SG Americas Securities LLC acquired a new position in shares of E2open Parent during the 1st quarter worth approximately $62,000. ProShare Advisors LLC lifted its holdings in E2open Parent by 9.9% during the 1st quarter. ProShare Advisors LLC now owns 30,909 shares of the company’s stock valued at $137,000 after purchasing an additional 2,780 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of E2open Parent by 12.9% during the 1st quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock worth $110,001,000 after buying an additional 2,823,090 shares during the period. EntryPoint Capital LLC acquired a new position in shares of E2open Parent in the first quarter valued at approximately $30,000. Finally, Lazard Asset Management LLC bought a new position in E2open Parent during the 1st quarter worth $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.