E2open Parent (NYSE:ETWO) Given New $3.50 Price Target at The Goldman Sachs Group

E2open Parent (NYSE:ETWO) had its price target decreased by The Goldman Sachs Group from $4.00 to $3.50 in a research report released on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, UBS Group decreased their price objective on E2open Parent from $4.50 to $4.20 and set a neutral rating on the stock in a report on Thursday, July 11th.

E2open Parent Trading Down 4.2 %

Shares of E2open Parent stock opened at $3.07 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $4.40. E2open Parent has a 1 year low of $2.17 and a 1 year high of $5.07. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -1.19, a P/E/G ratio of 1.35 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last announced its earnings results on Wednesday, July 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $151.16 million for the quarter, compared to the consensus estimate of $155.48 million. E2open Parent had a positive return on equity of 3.87% and a negative net margin of 125.70%. During the same period in the previous year, the firm posted $0.05 EPS. Research analysts forecast that E2open Parent will post 0.2 EPS for the current year.

Hedge Funds Weigh In On E2open Parent

A number of hedge funds have recently added to or reduced their stakes in ETWO. EntryPoint Capital LLC bought a new stake in shares of E2open Parent during the 1st quarter worth approximately $30,000. Innealta Capital LLC bought a new position in E2open Parent in the second quarter valued at about $34,000. nVerses Capital LLC acquired a new position in E2open Parent during the 2nd quarter worth approximately $48,000. Canada Pension Plan Investment Board acquired a new stake in E2open Parent in the second quarter valued at approximately $50,000. Finally, SG Americas Securities LLC bought a new stake in shares of E2open Parent during the first quarter worth $62,000.

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.