E2open Parent (NYSE:ETWO) Trading Down 5.2% – Time to Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO) shares fell 5.2% on Wednesday . The company traded as low as $2.91 and last traded at $2.94. 138,593 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,938,444 shares. The stock had previously closed at $3.10.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded E2open Parent from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Stock Down 1.8 %

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $932.06 million, a P/E ratio of -1.06, a P/E/G ratio of 1.16 and a beta of 0.98. The stock’s 50-day moving average price is $3.09 and its two-hundred day moving average price is $3.92.

E2open Parent (NYSE:ETWO) last released its earnings results on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $152.19 million during the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. As a group, research analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ETWO. Innealta Capital LLC bought a new stake in shares of E2open Parent during the 2nd quarter worth $34,000. nVerses Capital LLC purchased a new position in shares of E2open Parent during the 2nd quarter valued at about $48,000. Canada Pension Plan Investment Board bought a new stake in E2open Parent in the 2nd quarter worth approximately $50,000. MQS Management LLC purchased a new stake in E2open Parent in the third quarter worth approximately $57,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of E2open Parent in the 2nd quarter valued at $98,000.

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.