E2open Parent (NYSE:ETWO) Sets New 1-Year Low – Here’s What Happened

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.76 and last traded at $2.77, with a volume of 1449013 shares trading hands. The stock had previously closed at $3.10.

Analyst Upgrades and Downgrades

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

E2open Parent Stock Down 3.3 %

The firm has a market cap of $901.22 million, a price-to-earnings ratio of -1.02, a PEG ratio of 1.16 and a beta of 0.98. The firm has a fifty day moving average price of $3.08 and a 200-day moving average price of $3.90. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.

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

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently bought and sold shares of ETWO. Innealta Capital LLC purchased a new stake in shares of E2open Parent during the 2nd quarter valued at $34,000. nVerses Capital LLC purchased a new stake in E2open Parent during the second quarter valued at about $48,000. Canada Pension Plan Investment Board purchased a new stake in E2open Parent during the second quarter valued at about $50,000. MQS Management LLC purchased a new position in shares of E2open Parent in the 3rd quarter worth about $57,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of E2open Parent in the 2nd quarter valued at about $98,000.

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.