E2open Parent (NYSE:ETWO) Hits New 12-Month Low – Time to Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO) shares reached a new 52-week low during trading on Friday . The stock traded as low as $2.92 and last traded at $3.01, with a volume of 797443 shares changing hands. The stock had previously closed at $2.93.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group reduced their price objective on E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a research note on Thursday, July 11th. The Goldman Sachs Group cut their target price on E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, October 11th.

E2open Parent Stock Up 2.7 %

The business has a 50 day moving average price of $3.90 and a 200-day moving average price of $4.29. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

Institutional Investors Weigh In On E2open Parent

A number of institutional investors and hedge funds have recently modified their holdings of the company. ProShare Advisors LLC grew its holdings in shares of E2open Parent by 9.9% in the 1st quarter. ProShare Advisors LLC now owns 30,909 shares of the company’s stock worth $137,000 after acquiring an additional 2,780 shares during the period. California State Teachers Retirement System grew its holdings in shares of E2open Parent by 3.5% in the 1st quarter. California State Teachers Retirement System now owns 168,604 shares of the company’s stock worth $749,000 after acquiring an additional 5,640 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of E2open Parent by 15.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company’s stock worth $194,000 after acquiring an additional 5,854 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of E2open Parent in the 1st quarter worth approximately $30,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in E2open Parent by 17.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock valued at $217,000 after buying an additional 7,399 shares during the last quarter.

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.