E2open Parent (NYSE:ETWO) Stock Price Down 5.2% – What’s Next?

E2open Parent Holdings, Inc. (NYSE:ETWO) shares fell 5.2% on Wednesday . The company traded as low as $2.91 and last traded at $2.94. 138,593 shares changed hands during trading, a decline of 93% from the average session volume of 1,938,444 shares. The stock had previously closed at $3.10.

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, December 11th.

E2open Parent Stock Performance

The company’s 50 day simple moving average is $3.12 and its 200 day simple moving average is $3.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -1.17, a PEG ratio of 1.16 and a beta of 0.98.

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

Institutional Trading of E2open Parent

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. acquired a new position in E2open Parent in the third quarter worth approximately $504,000. Barclays PLC boosted its stake in shares of E2open Parent by 384.4% during the 3rd quarter. Barclays PLC now owns 303,515 shares of the company’s stock worth $1,338,000 after acquiring an additional 240,858 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. XTX Topco Ltd acquired a new stake in shares of E2open Parent during the third quarter worth $508,000. Finally, State Street Corp raised its position in shares of E2open Parent by 5.1% during the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock worth $21,334,000 after purchasing an additional 233,292 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.