The Goldman Sachs Group Has Lowered Expectations for E2open Parent (NYSE:ETWO) Stock Price

E2open Parent (NYSE:ETWO) had its price target decreased by equities research analysts at The Goldman Sachs Group from $2.60 to $2.30 in a research note issued on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 9.79% from the company’s current price.

A number of other research firms also recently commented on ETWO. Morgan Stanley cut their target price on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Loop Capital cut their price objective 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.

E2open Parent Trading Down 7.3 %

Shares of NYSE ETWO traded down $0.17 during mid-day trading on Friday, reaching $2.10. The company had a trading volume of 93,217 shares, compared to its average volume of 1,732,215. E2open Parent has a 52 week low of $2.07 and a 52 week high of $5.08. The business’s 50-day moving average is $2.47 and its 200-day moving average is $3.00. The stock has a market cap of $719.08 million, a price-to-earnings ratio of -1.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. 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 posted its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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%. Equities analysts expect that E2open Parent will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On E2open Parent

A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new position in E2open Parent during the 4th quarter valued at approximately $6,151,000. Nomura Holdings Inc. increased its position in shares of E2open Parent by 15.7% in the 4th 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 during the period. JPMorgan Chase & Co. raised its stake in E2open Parent by 593.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock worth $8,644,000 after acquiring an additional 1,677,336 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in E2open Parent during the 3rd quarter worth about $6,360,000. Finally, Geode Capital Management LLC grew its stake 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 purchasing an additional 759,398 shares during 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.