Morgan Stanley Cuts E2open Parent (NYSE:ETWO) Price Target to $3.00

E2open Parent (NYSE:ETWO) had its price target decreased by Morgan Stanley from $4.00 to $3.00 in a research report sent to investors on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

ETWO has been the subject of several other research reports. The Goldman Sachs Group cut E2open Parent from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th. Loop Capital reduced their target price on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd.

E2open Parent Trading Up 0.4 %

Shares of ETWO opened at $2.60 on Monday. The company’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $3.68. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. E2open Parent has a 1 year low of $2.50 and a 1 year high of $5.07.

E2open Parent (NYSE:ETWO) last released its 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 3.92% and a negative net margin of 125.70%. On average, research analysts forecast that E2open Parent will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETWO. Bank of Montreal Can purchased a new stake in E2open Parent during the second quarter worth approximately $31,460,000. JPMorgan Chase & Co. raised its holdings in E2open Parent by 593.3% during the third quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company’s stock worth $8,644,000 after purchasing an additional 1,677,336 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of E2open Parent during the 3rd quarter worth approximately $6,360,000. Dimensional Fund Advisors LP boosted its holdings in shares of E2open Parent by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after buying an additional 1,272,370 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company’s stock valued at $20,892,000 after buying an additional 759,398 shares during the last quarter.

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.