E2open Parent (NYSE:ETWO) Reaches New 52-Week Low – Time to Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $2.31 and last traded at $2.34, with a volume of 650929 shares. The stock had previously closed at $2.34.

Analyst Ratings Changes

Several brokerages have recently commented on ETWO. Morgan Stanley decreased their target price on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group downgraded shares of E2open Parent from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th. Finally, Loop Capital dropped 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 Price Performance

The firm has a market capitalization of $801.47 million, a price-to-earnings ratio of -1.57, a PEG ratio of 1.05 and a beta of 1.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $3.31.

E2open Parent (NYSE:ETWO) last issued its earnings results on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Institutional Trading of E2open Parent

Hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in shares of E2open Parent by 219.1% in the third quarter. Creative Planning now owns 37,425 shares of the company’s stock valued at $165,000 after purchasing an additional 25,698 shares during the period. US Bancorp DE grew its holdings in E2open Parent by 2,028.3% in the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after buying an additional 35,516 shares in the last quarter. GSA Capital Partners LLP bought a new position in E2open Parent in the 3rd quarter worth approximately $171,000. MQS Management LLC acquired a new stake in E2open Parent in the 3rd quarter valued at approximately $57,000. Finally, Empowered Funds LLC raised its stake in E2open Parent by 41.4% during the 3rd quarter. Empowered Funds LLC now owns 1,018,005 shares of the company’s stock valued at $4,489,000 after acquiring an additional 297,898 shares in the last quarter.

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.