Gagnon Advisors LLC Grows Stock Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

Gagnon Advisors LLC increased its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 50.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,171,117 shares of the company’s stock after purchasing an additional 390,372 shares during the period. E2open Parent accounts for approximately 2.0% of Gagnon Advisors LLC’s portfolio, making the stock its 20th largest position. Gagnon Advisors LLC’s holdings in E2open Parent were worth $3,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETWO. MQS Management LLC acquired a new stake in shares of E2open Parent in the third quarter valued at approximately $57,000. US Bancorp DE raised its holdings in shares of E2open Parent by 2,028.3% during the 3rd quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after acquiring an additional 35,516 shares during the period. Creative Planning boosted its position in shares of E2open Parent by 219.1% during the 3rd quarter. Creative Planning now owns 37,425 shares of the company’s stock valued at $165,000 after acquiring an additional 25,698 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of E2open Parent in the third quarter valued at about $171,000. Finally, Handelsbanken Fonder AB increased its position in E2open Parent by 26.3% during the third quarter. Handelsbanken Fonder AB now owns 50,400 shares of the company’s stock worth $222,000 after purchasing an additional 10,500 shares during the last quarter.

E2open Parent Stock Down 1.5 %

Shares of NYSE ETWO opened at $2.64 on Friday. E2open Parent Holdings, Inc. has a 52-week low of $2.49 and a 52-week high of $5.07. The business’s 50 day moving average is $2.81 and its two-hundred day moving average is $3.53. The firm has a market cap of $906.15 million, a price-to-earnings ratio of -1.77, a PEG ratio of 1.19 and a beta of 1.00. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO) last posted its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) 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%. Research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of E2open Parent from a “neutral” rating to a “sell” rating and dropped their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th. Loop Capital cut their target price on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, December 23rd. Finally, Morgan Stanley cut their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th.

E2open Parent 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.