E2open Parent (NYSE:ETWO) Sets New 12-Month Low – Here’s Why

E2open Parent Holdings, Inc. (NYSE:ETWO) reached a new 52-week low during mid-day trading on Thursday . The stock 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.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and reduced their price target for the company from $3.50 to $2.90 in a report on Wednesday, December 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 company’s 50 day moving average is $3.08 and its 200 day moving average is $3.90. The stock has a market cap of $901.22 million, a price-to-earnings ratio of -1.02, a PEG ratio of 1.16 and a beta of 0.98.

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

Institutional Trading of E2open Parent

Several large investors have recently bought and sold shares of ETWO. Empowered Funds LLC lifted its holdings in shares of E2open Parent by 41.4% in the third quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock valued at $4,489,000 after purchasing an additional 297,898 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of E2open Parent by 25.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock worth $7,660,000 after purchasing an additional 349,951 shares during the last quarter. Sea Cliff Partners Management LP lifted its stake in E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after buying an additional 531,493 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in E2open Parent by 23.0% during the 2nd 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in E2open Parent during the third quarter worth $6,360,000.

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.