E2open Parent (NYSE:ETWO) Reaches New 12-Month Low – Here’s What Happened

Shares of E2open Parent Holdings, Inc. (NYSE:ETWO) hit a new 52-week low on Thursday . The stock traded as low as $2.49 and last traded at $2.51, with a volume of 249673 shares trading hands. The stock had previously closed at $2.55.

Wall Street Analyst Weigh In

Several research firms have issued reports on ETWO. Morgan Stanley decreased their price target on shares of 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. The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th. Finally, Loop Capital cut their price target on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd.

E2open Parent Stock Performance

The company has a market cap of $928.46 million, a price-to-earnings ratio of -1.82, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $2.83 and its 200 day moving average price is $3.58.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. On average, analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

A number of institutional investors and hedge funds have recently bought and sold shares of ETWO. American Century Companies Inc. acquired a new stake in E2open Parent in the 2nd quarter valued at $353,000. Dimensional Fund Advisors LP grew its stake in shares of E2open Parent by 23.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after buying an additional 1,272,370 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of E2open Parent in the second quarter valued at about $50,000. Sei Investments Co. raised its holdings in shares of E2open Parent by 16.4% during the 2nd quarter. Sei Investments Co. now owns 84,203 shares of the company’s stock valued at $378,000 after buying an additional 11,883 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in shares of E2open Parent during the second quarter worth $466,000.

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.