The Goldman Sachs Group Issues Pessimistic Forecast for E2open Parent (NYSE:ETWO) Stock Price

E2open Parent (NYSE:ETWO) had its price objective decreased by The Goldman Sachs Group from $2.60 to $2.30 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other equities analysts have also recently commented on the company. Loop Capital reduced their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. Morgan Stanley cut their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, January 13th.

E2open Parent Trading Down 5.5 %

Shares of E2open Parent stock opened at $2.14 on Friday. The company’s 50-day moving average price is $2.46 and its 200-day moving average price is $2.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. E2open Parent has a 12-month low of $2.05 and a 12-month high of $5.08. The company has a market cap of $732.81 million, a price-to-earnings ratio of -1.43, a PEG ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last posted its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. On average, equities analysts expect that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new position in shares of E2open Parent during the 4th quarter valued at about $35,000. Tidal Investments LLC purchased a new stake in E2open Parent in the fourth quarter worth approximately $38,000. KLP Kapitalforvaltning AS bought a new position in E2open Parent during the fourth quarter valued at approximately $86,000. Occudo Quantitative Strategies LP purchased a new position in shares of E2open Parent during the fourth quarter worth approximately $101,000. Finally, Mariner LLC lifted its holdings in shares of E2open Parent by 276.3% in the 4th quarter. Mariner LLC now owns 45,414 shares of the company’s stock worth $121,000 after acquiring an additional 33,345 shares during 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.