E2open Parent (NYSE:ETWO) Reaches New 1-Year Low – Should You Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $2.23 and last traded at $2.26, with a volume of 45970 shares traded. The stock had previously closed at $2.29.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ETWO shares. Morgan Stanley dropped their target price on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Loop Capital lowered their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, December 23rd. Finally, The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Stock Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $749.98 million, a price-to-earnings ratio of -1.47, a PEG ratio of 1.05 and a beta of 1.00. The firm’s 50-day moving average price is $2.62 and its 200 day moving average price is $3.23.

E2open Parent (NYSE:ETWO) last released its earnings results on Friday, January 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Institutional Trading of E2open Parent

A number of institutional investors and hedge funds have recently modified their holdings of ETWO. MQS Management LLC acquired a new position in E2open Parent during the third quarter valued at approximately $57,000. Bayesian Capital Management LP bought a new stake in E2open Parent during the 4th quarter worth approximately $35,000. Tidal Investments LLC bought a new stake in E2open Parent during the 4th quarter worth approximately $38,000. KLP Kapitalforvaltning AS acquired a new stake in E2open Parent during the 4th quarter worth approximately $86,000. Finally, US Bancorp DE lifted its stake in E2open Parent by 2,028.3% in the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after buying an additional 35,516 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.