E2open Parent (NYSE:ETWO) Sets New 12-Month Low – Time to Sell?

Shares of E2open Parent Holdings, Inc. (NYSE:ETWO) reached a new 52-week low on Thursday . The company traded as low as $1.87 and last traded at $1.89, with a volume of 37868 shares changing hands. The stock had previously closed at $2.07.

Wall Street Analysts Forecast Growth

ETWO has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research note on Friday, March 28th. Morgan Stanley decreased their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Loop Capital cut their price objective on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, December 23rd.

E2open Parent Stock Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The business’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $2.93. The stock has a market capitalization of $655.58 million, a P/E ratio of -1.28, a P/E/G ratio of 1.05 and a beta of 1.02.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. As a group, sell-side analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in E2open Parent by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,397,737 shares of the company’s stock worth $72,878,000 after purchasing an additional 408,779 shares during the period. Nomura Holdings Inc. grew its stake in E2open Parent by 15.7% in the 4th quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company’s stock worth $39,169,000 after acquiring an additional 1,994,267 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of E2open Parent by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,914,203 shares of the company’s stock worth $21,050,000 after acquiring an additional 505,463 shares during the period. State Street Corp boosted its holdings in shares of E2open Parent by 5.1% in the third quarter. State Street Corp now owns 4,837,532 shares of the company’s stock valued at $21,334,000 after purchasing an additional 233,292 shares during the period. Finally, Geode Capital Management LLC grew its stake in E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after purchasing an additional 759,398 shares in 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.