Loop Capital Cuts E2open Parent (NYSE:ETWO) Price Target to $3.00

E2open Parent (NYSE:ETWO) had its price target cut by Loop Capital from $4.00 to $3.00 in a research note released on Monday,Benzinga reports. They currently have a hold rating on the stock.

Separately, The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and cut their price objective for the company from $3.50 to $2.90 in a research report on Wednesday, December 11th.

E2open Parent Stock Performance

Shares of NYSE:ETWO opened at $2.64 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. E2open Parent has a 52 week low of $2.52 and a 52 week high of $5.07. The firm has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $3.86. The stock has a market capitalization of $904.65 million, a P/E ratio of -1.03, a PEG ratio of 1.16 and a beta of 0.98.

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

Institutional Investors Weigh In On E2open Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in shares of E2open Parent during the second quarter valued at approximately $34,000. nVerses Capital LLC acquired a new stake in shares of E2open Parent in the second quarter valued at about $48,000. Canada Pension Plan Investment Board purchased a new position in shares of E2open Parent in the second quarter worth about $50,000. MQS Management LLC acquired a new position in E2open Parent during the third quarter worth about $57,000. Finally, Dark Forest Capital Management LP purchased a new stake in E2open Parent during the 2nd quarter valued at about $98,000.

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.