E2open Parent (NYSE:ETWO) Lowered to “Sell” Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of E2open Parent (NYSE:ETWO) from a neutral rating to a sell rating in a research report released on Wednesday morning, Marketbeat.com reports. The Goldman Sachs Group currently has $2.90 price objective on the stock, down from their previous price objective of $3.50.

E2open Parent Price Performance

Shares of E2open Parent stock opened at $2.96 on Wednesday. The company has a market cap of $1.01 billion, a PE ratio of -1.15, a P/E/G ratio of 1.19 and a beta of 0.98. The business has a 50 day moving average of $3.16 and a 200 day moving average of $3.97. E2open Parent has a 52 week low of $2.80 and a 52 week high of $5.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.

E2open Parent (NYSE:ETWO) last posted its earnings results on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. As a group, equities research analysts forecast that E2open Parent will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ETWO. Innealta Capital LLC purchased a new position in shares of E2open Parent in the 2nd quarter valued at approximately $34,000. nVerses Capital LLC purchased a new position in E2open Parent during the second quarter valued at $48,000. Canada Pension Plan Investment Board purchased a new position in E2open Parent during the second quarter valued at $50,000. MQS Management LLC bought a new stake in shares of E2open Parent during the 3rd quarter valued at $57,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of 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.