Loop Capital Has Lowered Expectations for E2open Parent (NYSE:ETWO) Stock Price

E2open Parent (NYSE:ETWO) had its price objective lowered by Loop Capital from $4.00 to $3.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

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

E2open Parent Stock Up 0.8 %

Shares of NYSE:ETWO opened at $2.64 on Monday. The company has a market capitalization of $904.65 million, a price-to-earnings ratio of -1.03, a PEG ratio of 1.16 and a beta of 0.98. E2open Parent has a 12-month low of $2.52 and a 12-month high of $5.07. The business has a 50-day moving average price of $3.04 and a 200 day moving average price of $3.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

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

Institutional Investors Weigh In On E2open Parent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in E2open Parent in the 2nd quarter valued at $31,460,000. Dimensional Fund Advisors LP increased its stake in E2open Parent by 23.0% in the second 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. State Street Corp raised 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 buying an additional 233,292 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock worth $20,892,000 after buying an additional 759,398 shares during the period. Finally, Sea Cliff Partners Management LP grew its holdings in shares of E2open Parent by 14.1% during the second quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock worth $19,351,000 after buying an additional 531,493 shares during the last quarter.

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.