E2open Parent (NYSE:ETWO) Hits New 52-Week Low – What’s Next?

E2open Parent Holdings, Inc. (NYSE:ETWO) shares reached a new 52-week low on Wednesday . The company traded as low as $2.80 and last traded at $2.97, with a volume of 109622 shares trading hands. The stock had previously closed at $3.13.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $3.50 to $2.90 in a report on Wednesday.

E2open Parent Stock Down 3.8 %

The stock has a market cap of $1.03 billion, a P/E ratio of -1.22, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. 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’s 50-day moving average is $3.22 and its 200-day moving average is $3.99.

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

Institutional Investors Weigh In On E2open Parent

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can acquired a new stake in E2open Parent during the second quarter valued at approximately $31,460,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of E2open Parent during the 3rd quarter valued at $6,360,000. Dimensional Fund Advisors LP boosted its stake in shares of E2open Parent by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after acquiring an additional 1,272,370 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after acquiring an additional 759,398 shares during the last quarter. Finally, Sea Cliff Partners Management LP raised its position in shares of E2open Parent by 14.1% during the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after purchasing an additional 531,493 shares during the period.

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.