Morgan Stanley Issues Pessimistic Forecast for E2open Parent (NYSE:ETWO) Stock Price

E2open Parent (NYSE:ETWO) had its price target reduced by investment analysts at Morgan Stanley from $4.00 to $3.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 15.38% from the company’s current price.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and reduced their target price for the company from $3.50 to $2.90 in a report on Wednesday, December 11th. Loop Capital reduced their price objective on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd.

E2open Parent Trading Up 2.0 %

Shares of ETWO stock opened at $2.60 on Monday. The firm’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $3.68. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. E2open Parent has a 1-year low of $2.50 and a 1-year high of $5.07. The firm has a market cap of $890.94 million, a P/E ratio of -1.01, a PEG ratio of 1.16 and a beta of 1.00.

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 analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. As a group, equities analysts forecast that E2open Parent will post 0.19 EPS for the current year.

Institutional Trading of E2open Parent

Institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in E2open Parent in the second quarter valued at approximately $50,000. MQS Management LLC acquired a new stake in E2open Parent during the 3rd quarter valued at $57,000. Dark Forest Capital Management LP purchased a new stake in E2open Parent during the 2nd quarter worth $98,000. US Bancorp DE increased its stake in E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after buying an additional 35,516 shares during the period. Finally, Creative Planning lifted its holdings in E2open Parent by 219.1% in the 3rd quarter. Creative Planning now owns 37,425 shares of the company’s stock worth $165,000 after buying an additional 25,698 shares in 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.