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

E2open Parent (NYSE:ETWO) had its price target decreased by research analysts at Loop Capital from $4.00 to $3.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 15.38% from the company’s current price.

Separately, The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Trading Down 1.1 %

E2open Parent stock traded down $0.03 during mid-day trading on Monday, hitting $2.60. The company’s stock had a trading volume of 99,070 shares, compared to its average volume of 1,936,589. The business has a 50 day moving average price of $3.08 and a 200-day moving average price of $3.90. E2open Parent has a 12 month low of $2.60 and a 12 month high of $5.07. The stock has a market cap of $890.94 million, a price-to-earnings ratio of -1.01, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03.

E2open Parent (NYSE:ETWO) last issued its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $152.19 million for the quarter, compared to analysts’ expectations of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. As a group, analysts forecast that E2open Parent will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in shares of E2open Parent in the 2nd quarter worth $31,460,000. Jacobs Levy Equity Management Inc. bought a new position in E2open Parent in the third quarter valued at about $6,360,000. Dimensional Fund Advisors LP grew 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 valued at $30,537,000 after purchasing an additional 1,272,370 shares during the period. Geode Capital Management LLC increased its position in shares of E2open Parent by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after purchasing an additional 759,398 shares during the last quarter. Finally, Sea Cliff Partners Management LP lifted its stake in shares of 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 worth $19,351,000 after purchasing an additional 531,493 shares during the period.

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.