E2open Parent (NYSE:ETWO) Reaches New 1-Year Low After Earnings Miss

E2open Parent Holdings, Inc. (NYSE:ETWO) shares hit a new 52-week low during trading on Monday following a dissappointing earnings announcement. The stock traded as low as $2.50 and last traded at $2.54, with a volume of 51913 shares. The stock had previously closed at $2.54.

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 3.92% and a negative net margin of 125.70%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Loop Capital decreased their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. The Goldman Sachs Group downgraded shares of E2open Parent from a “neutral” rating to a “sell” rating and cut their price target for the company from $3.50 to $2.90 in a report on Wednesday, December 11th. Finally, Morgan Stanley decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday.

Institutional Trading of E2open Parent

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in E2open Parent in the 2nd quarter worth approximately $31,460,000. Dimensional Fund Advisors LP grew its stake in E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock worth $30,537,000 after acquiring an additional 1,272,370 shares in the last quarter. State Street Corp increased its holdings in E2open Parent by 5.1% during the 3rd quarter. State Street Corp now owns 4,837,532 shares of the company’s stock worth $21,334,000 after purchasing an additional 233,292 shares during the period. Geode Capital Management LLC raised its holdings in shares of E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after acquiring an additional 759,398 shares in the last quarter. Finally, Sea Cliff Partners Management LP raised its holdings in shares of E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company’s stock valued at $19,351,000 after purchasing an additional 531,493 shares in the last quarter.

E2open Parent Stock Up 0.8 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $877.23 million, a P/E ratio of -1.00, a P/E/G ratio of 1.16 and a beta of 1.00. The business’s 50 day moving average is $2.95 and its 200 day moving average is $3.69.

E2open Parent Company Profile

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.