E2open Parent (NYSE:ETWO) Price Target Cut to $4.20

E2open Parent (NYSE:ETWO) had its target price reduced by UBS Group from $4.50 to $4.20 in a report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Separately, The Goldman Sachs Group dropped their target price on E2open Parent from $4.50 to $4.00 and set a neutral rating for the company in a research report on Thursday.

E2open Parent Trading Up 4.8 %

Shares of ETWO opened at $4.34 on Thursday. The stock has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $4.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00. E2open Parent has a 52-week low of $2.15 and a 52-week high of $5.39. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -1.68, a PEG ratio of 1.37 and a beta of 0.92.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Wednesday, July 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $151.16 million during the quarter, compared to the consensus estimate of $155.48 million. E2open Parent had a negative net margin of 125.24% and a positive return on equity of 3.36%. During the same quarter in the previous year, the firm posted $0.05 EPS. Analysts predict that E2open Parent will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On E2open Parent

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. increased its holdings in E2open Parent by 908.4% in the fourth quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company’s stock valued at $70,677,000 after purchasing an additional 14,503,050 shares during the last quarter. Victory Capital Management Inc. increased its holdings in E2open Parent by 22.6% in the fourth quarter. Victory Capital Management Inc. now owns 32,267 shares of the company’s stock valued at $142,000 after purchasing an additional 5,943 shares during the last quarter. Sea Cliff Partners Management LP bought a new stake in E2open Parent in the fourth quarter valued at about $14,020,000. Vanguard Group Inc. increased its holdings in E2open Parent by 3.0% in the third quarter. Vanguard Group Inc. now owns 21,999,755 shares of the company’s stock valued at $99,879,000 after purchasing an additional 641,933 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in E2open Parent by 52.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,394 shares of the company’s stock valued at $164,000 after acquiring an additional 12,930 shares during the period.

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.