E2open Parent (NYSE:ETWO) Sets New 52-Week Low – Should You Sell?

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased their target price on 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 Trading Up 5.3 %

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $3.52 and a 200 day moving average price of $4.15.

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

Institutional Trading of E2open Parent

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in E2open Parent in the 1st quarter valued at $62,000. ProShare Advisors LLC raised its holdings in shares of E2open Parent by 9.9% during the 1st quarter. ProShare Advisors LLC now owns 30,909 shares of the company’s stock worth $137,000 after buying an additional 2,780 shares in the last quarter. Vanguard Group Inc. raised 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 in the last quarter. EntryPoint Capital LLC acquired a new position in shares of E2open Parent during the 1st quarter worth $30,000. Finally, Lazard Asset Management LLC acquired a new position in shares of E2open Parent during the 1st quarter worth $103,000.

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.