UBS Group Cuts E2open Parent (NYSE:ETWO) Price Target to $2.50

E2open Parent (NYSE:ETWO - Free Report) had its price target reduced by UBS Group from $3.00 to $2.50 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other analysts also recently commented on ETWO. The Goldman Sachs Group decreased their target price on shares of E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research report on Friday, March 28th. Morgan Stanley decreased their price objective on shares of E2open Parent from $3.00 to $2.30 and set an "equal weight" rating for the company in a report on Wednesday, April 16th.

E2open Parent Stock Down 0.6 %

Shares of NYSE ETWO traded down $0.02 during mid-day trading on Wednesday, reaching $2.39. The company had a trading volume of 4,481,269 shares, compared to its average volume of 1,769,966. The stock has a market capitalization of $818.62 million, a PE ratio of -1.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. E2open Parent has a twelve month low of $1.75 and a twelve month high of $5.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The stock's 50 day moving average is $2.12 and its 200-day moving average is $2.61.

E2open Parent (NYSE:ETWO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.01 million. E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. As a group, equities analysts anticipate that E2open Parent will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On E2open Parent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new stake in shares of E2open Parent during the 1st quarter worth $45,000. Mackenzie Financial Corp lifted its position in E2open Parent by 2,494.1% during the 4th quarter. Mackenzie Financial Corp now owns 282,552 shares of the company's stock worth $752,000 after acquiring an additional 271,660 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in E2open Parent during the fourth quarter valued at about $298,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of E2open Parent by 18.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 473,011 shares of the company's stock valued at $1,258,000 after purchasing an additional 72,032 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in shares of E2open Parent in the fourth quarter worth about $38,000.

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.