E2open Parent (NYSE:ETWO) Given New $3.00 Price Target at Morgan Stanley

E2open Parent (NYSE:ETWO) had its price target dropped by stock analysts at Morgan Stanley from $4.00 to $3.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 19.05% from the stock’s previous close.

Several other equities research analysts also recently issued reports on ETWO. The Goldman Sachs Group downgraded shares of E2open Parent from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th. Loop Capital dropped their price target on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, December 23rd.

E2open Parent Trading Down 0.8 %

Shares of ETWO stock traded down $0.02 on Monday, hitting $2.52. The stock had a trading volume of 308,460 shares, compared to its average volume of 1,353,479. The firm has a market cap of $863.53 million, a P/E ratio of -0.98, a PEG ratio of 1.16 and a beta of 1.00. E2open Parent has a twelve month low of $2.50 and a twelve month high of $5.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $3.71.

E2open Parent (NYSE:ETWO) last announced its quarterly 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 3.92% and a negative net margin of 125.70%. As a group, analysts forecast that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in E2open Parent during the second quarter worth about $31,460,000. JPMorgan Chase & Co. boosted its stake in shares of E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock worth $8,644,000 after acquiring an additional 1,677,336 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of E2open Parent during the 3rd quarter worth approximately $6,360,000. Dimensional Fund Advisors LP lifted its holdings in E2open Parent by 23.0% during the 2nd 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 last quarter. Finally, Geode Capital Management LLC boosted its position in 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 purchasing an additional 759,398 shares during the period.

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.