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

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $2.11 and last traded at $2.13, with a volume of 208690 shares. The stock had previously closed at $2.19.

Wall Street Analysts Forecast Growth

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

E2open Parent Price Performance

The stock’s 50-day moving average price is $2.55 and its 200-day moving average price is $3.14. The company has a market capitalization of $743.11 million, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last announced its quarterly earnings data on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Equities research analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On E2open Parent

Large investors have recently bought and sold shares of the business. MQS Management LLC acquired a new position in E2open Parent in the third quarter valued at approximately $57,000. Bayesian Capital Management LP acquired a new position in E2open Parent in the fourth quarter valued at approximately $35,000. Tidal Investments LLC acquired a new position in E2open Parent in the fourth quarter valued at approximately $38,000. KLP Kapitalforvaltning AS bought a new stake in E2open Parent in the fourth quarter valued at approximately $86,000. Finally, US Bancorp DE increased its stake in E2open Parent by 2,028.3% in the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after purchasing an additional 35,516 shares in 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.