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

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

Analysts Set New Price Targets

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

E2open Parent Price Performance

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 firm has a market capitalization of $1.03 billion, a PE ratio of -1.17, a P/E/G ratio of 1.15 and a beta of 0.98. The company has a 50-day moving average price of $3.87 and a 200-day moving average price of $4.28.

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

Institutional Trading of E2open Parent

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in E2open Parent by 12.9% in the 1st quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after acquiring an additional 2,823,090 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in E2open Parent by 17.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,845 shares of the company’s stock valued at $217,000 after purchasing an additional 7,399 shares during the last quarter. Sea Cliff Partners Management LP increased its stake in E2open Parent by 14.1% in the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after purchasing an additional 531,493 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after buying an additional 1,272,370 shares during the period. Finally, Empowered Funds LLC boosted its stake in E2open Parent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 668,267 shares of the company’s stock worth $2,967,000 after buying an additional 50,587 shares during the last quarter.

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.