E2open Parent (NYSE:ETWO) Price Target Lowered to $3.00 at Loop Capital

E2open Parent (NYSE:ETWO) had its price target reduced by Loop Capital from $4.00 to $3.00 in a research note released on Monday,Benzinga reports. They currently have a hold rating on the stock.

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

E2open Parent Stock Performance

Shares of E2open Parent stock opened at $2.62 on Monday. The firm has a fifty day moving average of $3.08 and a two-hundred day moving average of $3.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $897.79 million, a price-to-earnings ratio of -1.02, a PEG ratio of 1.16 and a beta of 0.98. E2open Parent has a 52 week low of $2.52 and a 52 week high of $5.07.

E2open Parent (NYSE:ETWO) last issued its 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. The firm had revenue of $152.19 million for the quarter, compared to analysts’ expectations of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. As a group, equities research analysts predict that E2open Parent will post 0.19 EPS for the current year.

Hedge Funds Weigh In On E2open Parent

Several large investors have recently modified their holdings of ETWO. Innealta Capital LLC acquired a new stake in E2open Parent during the 2nd quarter worth approximately $34,000. nVerses Capital LLC bought a new stake in shares of E2open Parent in the second quarter valued at about $48,000. Canada Pension Plan Investment Board acquired a new position in shares of E2open Parent in the second quarter valued at about $50,000. MQS Management LLC bought a new position in E2open Parent during the third quarter worth about $57,000. Finally, Dark Forest Capital Management LP acquired a new stake in E2open Parent in the 2nd quarter worth about $98,000.

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.