The Goldman Sachs Group Issues Pessimistic Forecast for E2open Parent (NYSE:ETWO) Stock Price

E2open Parent (NYSE:ETWO) had its target price lowered by research analysts at The Goldman Sachs Group from $2.60 to $2.30 in a report issued on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 7.73% from the stock’s current price.

Several other equities research analysts also recently weighed in on ETWO. Loop Capital cut their price target on E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd. Morgan Stanley dropped their target price on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th.

E2open Parent Trading Down 5.5 %

Shares of NYSE:ETWO opened at $2.14 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91. E2open Parent has a 52-week low of $2.05 and a 52-week high of $5.08. The stock has a market cap of $732.81 million, a price-to-earnings ratio of -1.43, a PEG ratio of 1.05 and a beta of 1.02. The business has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.98.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results 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 positive return on equity of 4.38% and a negative net margin of 74.63%. Equities analysts predict that E2open Parent will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of E2open Parent in the 4th quarter valued at about $6,151,000. Nomura Holdings Inc. grew its holdings in E2open Parent by 15.7% in the fourth quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company’s stock valued at $39,169,000 after purchasing an additional 1,994,267 shares during the period. JPMorgan Chase & Co. increased its position in shares of E2open Parent by 593.3% in the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock valued at $8,644,000 after buying an additional 1,677,336 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of E2open Parent in the third quarter valued at approximately $6,360,000. Finally, Geode Capital Management LLC raised its stake in shares of E2open Parent by 19.1% during the 3rd 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.

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.