E2open Parent (NYSE:ETWO) Sets New 12-Month Low – What’s Next?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price hit a new 52-week low on Monday . The stock traded as low as $2.80 and last traded at $2.80, with a volume of 100 shares changing hands. The stock had previously closed at $3.03.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, October 11th.

E2open Parent Stock Down 1.5 %

The stock has a 50 day moving average price of $3.49 and a 200 day moving average price of $4.14. The company has a market cap of $1.05 billion, a P/E ratio of -1.19, a P/E/G ratio of 1.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data 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 company had revenue of $152.19 million during the quarter, compared to analyst estimates of $152.33 million. Research analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can purchased a new stake in shares of E2open Parent in the 2nd quarter valued at approximately $31,460,000. Vanguard Group Inc. raised its holdings in shares of E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock worth $110,001,000 after acquiring an additional 2,823,090 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of E2open Parent in the 3rd quarter valued at approximately $6,360,000. Dimensional Fund Advisors LP increased its stake in shares of E2open Parent by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after purchasing an additional 1,272,370 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after buying an additional 759,398 shares in the last quarter.

About E2open Parent

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.