E2open Parent (NYSE:ETWO) Hits New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

E2open Parent Holdings, Inc. (NYSE:ETWO – Get Free Report)’s stock price reached a new 52-week low on Friday . The company 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 analysts have recently issued reports on ETWO shares. The Goldman Sachs Group lowered their price objective on shares of E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, October 11th. UBS Group lowered their price target on E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a research report on Thursday, July 11th.

Get Our Latest Stock Analysis on E2open Parent

E2open Parent Price Performance

The stock has a market cap of $1.03 billion, a PE ratio of -1.17, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company’s fifty day moving average is $3.87 and its 200 day moving average is $4.28.

E2open Parent (NYSE:ETWO – Get Free Report) last issued its earnings results on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. The business had revenue of $152.19 million for the quarter, compared to the consensus estimate of $152.33 million. As a group, sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new stake in shares of E2open Parent during the 1st quarter valued at about $30,000. Innealta Capital LLC purchased a new stake in shares of E2open Parent during the second quarter valued at approximately $34,000. nVerses Capital LLC acquired a new position in shares of E2open Parent during the second quarter worth $48,000. Canada Pension Plan Investment Board purchased a new position in shares of E2open Parent in the second quarter valued at $50,000. Finally, SG Americas Securities LLC acquired a new stake in E2open Parent during the 1st quarter valued at $62,000.

E2open Parent Company Profile

(Get Free Report)

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.

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