Morgan Stanley Cuts E2open Parent (NYSE:ETWO) Price Target to $2.30

E2open Parent (NYSE:ETWO) had its target price lowered by research analysts at Morgan Stanley from $3.00 to $2.30 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 18.25% from the company’s current price.

A number of other analysts have also recently weighed in on ETWO. Loop Capital reduced 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. The Goldman Sachs Group dropped their target price on E2open Parent from $2.60 to $2.30 and set a “sell” rating on the stock in a research report on Friday, March 28th.

E2open Parent Stock Performance

ETWO stock traded down $0.04 during trading on Wednesday, reaching $1.95. 208,724 shares of the company’s stock were exchanged, compared to its average volume of 1,719,127. E2open Parent has a 1-year low of $1.75 and a 1-year high of $5.08. The firm has a market cap of $667.60 million, a PE ratio of -1.31, a P/E/G ratio of 1.05 and a beta of 1.04. The company’s fifty day moving average price is $2.26 and its 200-day moving average price is $2.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new position in shares of E2open Parent in the fourth quarter valued at approximately $35,000. Tidal Investments LLC acquired a new position in E2open Parent during the 4th quarter worth $38,000. KLP Kapitalforvaltning AS bought a new stake in E2open Parent during the 4th quarter valued at approximately $86,000. Occudo Quantitative Strategies LP bought a new stake in shares of E2open Parent in the fourth quarter valued at approximately $101,000. Finally, Mariner LLC increased its position in E2open Parent by 276.3% during the fourth quarter. Mariner LLC now owns 45,414 shares of the company’s stock worth $121,000 after acquiring an additional 33,345 shares during the period.

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.