Stocks

E2open Parent (NYSE:ETWO) Sets New 52-Week Low - Here's What Happened

Published February 20, 2025

E2open Parent Holdings, Inc. (NYSE:ETWO) saw its share price drop to a new 52-week low during mid-day trading on Wednesday, reaching as low as $2.48. The last transaction recorded the stock at $2.48, with a trading volume of 43,428 shares. Previously, the stock had closed at $2.58.

Analyst Upgrades and Downgrades

Recently, several research firms have adjusted their ratings and price targets for E2open Parent. On January 13th, Morgan Stanley lowered its price target for ETWO from $4.00 to $3.00 and maintained an "equal weight" rating on the shares. Similarly, Loop Capital also revised down its price target from $4.00 to $3.00 and classified the stock as a "hold" on December 23rd. Additionally, The Goldman Sachs Group downgraded E2open from a "neutral" rating to a "sell" rating, with a new price target of $2.90 from the previous $3.50, as released in a report on December 11th.

E2open Parent Stock Performance

The company boasts a market capitalization of approximately $846.09 million, a P/E ratio of -1.65, and a P/E/G ratio of 1.16, with a beta of 1.00. The 50-day moving average for E2open is currently at $2.72, and the 200-day moving average stands at $3.36. Financial metrics indicate a current ratio of 1.08, a quick ratio of 1.08, and a debt-to-equity ratio of 0.91.

E2open Parent last reported its quarterly earnings on January 10th. The results showed earnings of $0.05 per share, which fell short of consensus estimates by $0.01. The company has a notably negative net margin of 74.63%, although it managed a positive return on equity of 4.38%. Analysts predict that E2open will record earnings of 0.19 per share for the current fiscal year.

Institutional Trading of E2open Parent

In recent trading activities, several hedge funds have adjusted their stake in ETWO. Creative Planning increased its position by 219.1% in the third quarter, resulting in ownership of 37,425 shares valued at $165,000 after acquiring an additional 25,698 shares. Likewise, US Bancorp DE significantly raised its stake by an impressive 2,028.3%, now holding 37,267 shares worth around $164,000 after adding 35,516 shares. Other companies like GSA Capital Partners LLP and MQS Management LLC have also made investments during this period, with Empowered Funds LLC increasing its holdings by 41.4%, owning over 1 million shares valued at nearly $4.49 million.

E2open Parent Company Profile

E2open Parent Holdings, Inc. provides a cloud-based, end-to-end supply chain management and orchestration SaaS platform in various regions including the Americas, Europe, and Asia Pacific. Its SaaS offerings encompass multiple strategic and operational domains such as omni-channel, demand sensing, supply planning, global trade management, as well as transportation and logistics.

Where Should You Invest $1,000 Right Now?

Before making further trading decisions, it's important to stay informed. Analysts are continuously monitoring the market, and their insights can greatly influence investment strategies.

MarketBeat has identified five standout stocks that top analysts recommend to their clients as prime opportunities for investment.

For further details, consider reviewing the recommended stocks.

Should You Invest $1,000 in E2open Parent Right Now?

It is advisable to first review analyst opinions on E2open Parent. Currently holding a "Reduce" rating, analysts suggest there are more promising investments available at this time.

For those contemplating investments in E2open Parent, examining alternative stocks may also be worthwhile.

E2open, Stock, Market