E2open Parent (NYSE:ETWO) Hits New 52-Week Low on Disappointing Earnings

E2open Parent Holdings, Inc. (NYSE:ETWO) reached a new 52-week low during mid-day trading on Monday following a weaker than expected earnings announcement. The stock traded as low as $2.50 and last traded at $2.54, with a volume of 51913 shares trading hands. The stock had previously closed at $2.54.

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 125.70% and a positive return on equity of 3.92%.

Wall Street Analyst Weigh In

ETWO has been the topic of a number of recent research reports. The Goldman Sachs Group cut shares of E2open Parent from a “neutral” rating to a “sell” rating and dropped their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th. Loop Capital decreased their target price on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd.

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after purchasing an additional 1,677,336 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of E2open Parent during the 3rd quarter valued at $504,000. Barclays PLC boosted its position in E2open Parent by 384.4% during the 3rd quarter. Barclays PLC now owns 303,515 shares of the company’s stock valued at $1,338,000 after buying an additional 240,858 shares during the period. Geode Capital Management LLC boosted its position in E2open Parent by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after buying an additional 759,398 shares during the period. Finally, XTX Topco Ltd purchased a new stake in E2open Parent during the 3rd quarter valued at $508,000.

E2open Parent Stock Up 0.8 %

The firm has a market cap of $877.23 million, a PE ratio of -1.00, a PEG ratio of 1.16 and a beta of 1.00. 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 company’s 50-day simple moving average is $2.96 and its two-hundred day simple moving average is $3.71.

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.