E2open Parent (NYSE:ETWO) Reaches New 52-Week Low – Should You Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.76 and last traded at $2.77, with a volume of 1449013 shares traded. The stock had previously closed at $3.10.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and cut their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

E2open Parent Stock Down 10.6 %

The firm has a market capitalization of $949.19 million, a price-to-earnings ratio of -1.08, a P/E/G ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average of $3.10 and a two-hundred day moving average of $3.93.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. Sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On E2open Parent

A number of institutional investors have recently modified their holdings of the company. Franklin Resources Inc. acquired a new position in E2open Parent in the third quarter valued at $504,000. Barclays PLC boosted its position in shares of 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 purchasing an additional 240,858 shares in the last quarter. Geode Capital Management LLC grew its stake in E2open Parent by 19.1% during the third 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 during the period. XTX Topco Ltd bought a new stake in E2open Parent in the third quarter worth approximately $508,000. Finally, State Street Corp lifted its stake in E2open Parent by 5.1% in the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after buying an additional 233,292 shares during the period.

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.