E2open Parent (NYSE:ETWO) Sets New 52-Week Low – Here’s Why

E2open Parent Holdings, Inc. (NYSE:ETWO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.11 and last traded at $2.13, with a volume of 208690 shares. The stock had previously closed at $2.19.

Wall Street Analyst Weigh In

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

E2open Parent Stock Up 0.7 %

The stock has a market capitalization of $756.84 million, a PE ratio of -1.48, a P/E/G ratio of 1.05 and a beta of 1.02. The stock’s fifty day simple moving average is $2.57 and its 200-day simple moving average is $3.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last released its earnings results 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%. As a group, sell-side analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in E2open Parent by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock worth $72,878,000 after purchasing an additional 408,779 shares in the last quarter. Nomura Holdings Inc. grew its stake in E2open Parent by 15.7% during the fourth quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company’s stock valued at $39,169,000 after acquiring an additional 1,994,267 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in E2open Parent by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company’s stock worth $21,050,000 after acquiring an additional 505,463 shares during the period. State Street Corp increased its holdings in E2open Parent by 5.1% during the 3rd quarter. State Street Corp now owns 4,837,532 shares of the company’s stock worth $21,334,000 after acquiring an additional 233,292 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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 purchasing an additional 759,398 shares in the last quarter.

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.