E2open Parent (NYSE:ETWO) Hits New 52-Week Low on Disappointing Earnings

E2open Parent Holdings, Inc. (NYSE:ETWO) shares hit a new 52-week low during mid-day trading on Monday following a weaker than expected earnings announcement. The company traded as low as $2.50 and last traded at $2.54, with a volume of 51913 shares trading hands. The stock had previously closed at $2.54.

The company reported $0.05 EPS for the quarter, missing the consensus estimate 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%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ETWO. Loop Capital decreased their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and cut their target price for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

Institutional Investors Weigh In On E2open Parent

A number of large investors have recently made changes to their positions in ETWO. Canada Pension Plan Investment Board bought a new stake in shares of E2open Parent during the 2nd quarter valued at about $50,000. MQS Management LLC bought a new stake in shares of E2open Parent during the 3rd quarter valued at about $57,000. Dark Forest Capital Management LP bought a new stake in shares of E2open Parent during the 2nd quarter valued at about $98,000. US Bancorp DE grew its stake in shares of E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock valued at $164,000 after purchasing an additional 35,516 shares during the period. Finally, Creative Planning grew its stake in shares of E2open Parent by 219.1% during the 3rd quarter. Creative Planning now owns 37,425 shares of the company’s stock valued at $165,000 after acquiring an additional 25,698 shares during the period.

E2open Parent Trading Up 0.8 %

The stock has a 50 day moving average of $2.96 and a 200-day moving average of $3.71. The company has a market capitalization of $877.23 million, a P/E ratio of -1.00, a P/E/G ratio of 1.16 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

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.