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

E2open Parent Holdings, Inc. (NYSE:ETWO) hit a new 52-week low during trading on Thursday . The stock traded as low as $2.49 and last traded at $2.51, with a volume of 249673 shares trading hands. The stock had previously closed at $2.55.

Wall Street Analysts Forecast Growth

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

E2open Parent Price Performance

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 firm has a market capitalization of $895.17 million, a PE ratio of -1.75, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a 50-day moving average price of $2.85 and a 200-day moving average price of $3.61.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Sell-side analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Institutional Trading of E2open Parent

Hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in E2open Parent during the second quarter worth about $50,000. MQS Management LLC purchased a new position in E2open Parent in the third quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new position in E2open Parent during the second quarter valued at approximately $98,000. US Bancorp DE grew its stake in E2open Parent by 2,028.3% during the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after buying an additional 35,516 shares during the period. Finally, Creative Planning increased its position in shares of E2open Parent by 219.1% in the third quarter. Creative Planning now owns 37,425 shares of the company’s stock worth $165,000 after acquiring an additional 25,698 shares in the last quarter.

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.