E2open Parent (NYSE:ETWO) Price Target Lowered to $2.30 at The Goldman Sachs Group

E2open Parent (NYSE:ETWO) had its target price reduced by equities researchers at The Goldman Sachs Group from $2.60 to $2.30 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 9.79% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Loop Capital lowered their target price 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. Morgan Stanley decreased their price objective 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.

E2open Parent Stock Down 7.3 %

Shares of ETWO stock traded down $0.17 during trading hours on Friday, reaching $2.10. 93,217 shares of the stock were exchanged, compared to its average volume of 1,732,215. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08. E2open Parent has a 12-month low of $2.07 and a 12-month high of $5.08. The firm has a market capitalization of $719.08 million, a P/E ratio of -1.41, a P/E/G ratio of 1.05 and a beta of 1.02. The business’s fifty day moving average is $2.47 and its two-hundred day moving average is $3.00.

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 expect that E2open Parent will post 0.19 EPS for the current fiscal year.

Institutional Trading of E2open Parent

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in shares of E2open Parent during the third quarter worth about $223,000. Charles Schwab Investment Management Inc. raised its stake in E2open Parent by 25.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company’s stock valued at $7,660,000 after acquiring an additional 349,951 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in E2open Parent by 8.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 109,321 shares of the company’s stock worth $482,000 after acquiring an additional 8,940 shares during the period. MetLife Investment Management LLC grew its stake in shares of E2open Parent by 21.2% in the 3rd quarter. MetLife Investment Management LLC now owns 118,064 shares of the company’s stock valued at $521,000 after purchasing an additional 20,667 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of E2open Parent in the third quarter valued at approximately $6,360,000.

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.