E2open Parent (NYSE:ETWO) Price Target Lowered to $3.50 at The Goldman Sachs Group

E2open Parent (NYSE:ETWO) had its target price decreased by The Goldman Sachs Group from $4.00 to $3.50 in a report issued on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, UBS Group dropped their price target on E2open Parent from $4.50 to $4.20 and set a neutral rating on the stock in a research note on Thursday, July 11th.

E2open Parent Stock Performance

ETWO stock opened at $3.21 on Friday. The company has a market cap of $1.09 billion, a P/E ratio of -1.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. E2open Parent has a 1 year low of $2.71 and a 1 year high of $5.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $4.19 and its 200-day moving average price is $4.40.

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently bought and sold shares of ETWO. EntryPoint Capital LLC bought a new stake in E2open Parent during the first quarter valued at about $30,000. Innealta Capital LLC bought a new stake in E2open Parent during the second quarter valued at about $34,000. nVerses Capital LLC bought a new stake in E2open Parent during the second quarter valued at about $48,000. Canada Pension Plan Investment Board bought a new stake in E2open Parent during the second quarter valued at about $50,000. Finally, SG Americas Securities LLC bought a new stake in E2open Parent during the first quarter valued at about $62,000.

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.