E2open Parent (NYSE:ETWO) Price Target Cut to $3.00 by Analysts at Loop Capital

E2open Parent (NYSE:ETWO) had its price objective decreased by Loop Capital from $4.00 to $3.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price objective indicates a potential upside of 15.38% from the stock’s current price.

Separately, The Goldman Sachs Group lowered 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 report on Wednesday, December 11th.

E2open Parent Stock Performance

ETWO stock traded down $0.03 during mid-day trading on Monday, reaching $2.60. 99,070 shares of the stock traded hands, compared to its average volume of 1,936,589. E2open Parent has a 52 week low of $2.60 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. The firm has a market capitalization of $890.94 million, a PE ratio of -1.01, a P/E/G ratio of 1.16 and a beta of 0.98. The business has a 50-day moving average of $3.08 and a two-hundred day moving average of $3.90.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ETWO. Innealta Capital LLC bought a new position in E2open Parent during the second quarter valued at about $34,000. nVerses Capital LLC purchased a new position in shares of E2open Parent in the second quarter valued at $48,000. Canada Pension Plan Investment Board bought a new stake in shares of E2open Parent during the 2nd quarter valued at $50,000. MQS Management LLC purchased a new stake in E2open Parent during the 3rd quarter worth about $57,000. Finally, Dark Forest Capital Management LP bought a new position in 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.