E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Acquired by Gagnon Advisors LLC

Gagnon Advisors LLC lifted its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 50.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,171,117 shares of the company’s stock after purchasing an additional 390,372 shares during the quarter. E2open Parent comprises about 2.0% of Gagnon Advisors LLC’s portfolio, making the stock its 20th biggest position. Gagnon Advisors LLC owned approximately 0.34% of E2open Parent worth $3,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of E2open Parent by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 100,381 shares of the company’s stock worth $451,000 after buying an additional 7,566 shares during the last quarter. Handelsbanken Fonder AB grew its stake in E2open Parent by 26.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 50,400 shares of the company’s stock valued at $222,000 after purchasing an additional 10,500 shares during the last quarter. Sei Investments Co. raised its stake in shares of E2open Parent by 16.4% in the second quarter. Sei Investments Co. now owns 84,203 shares of the company’s stock worth $378,000 after purchasing an additional 11,883 shares during the last quarter. MQS Management LLC acquired a new stake in shares of E2open Parent during the third quarter worth about $57,000. Finally, SG Americas Securities LLC boosted its position in E2open Parent by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 85,205 shares of the company’s stock valued at $227,000 after buying an additional 13,489 shares during the last quarter.

E2open Parent Price Performance

NYSE:ETWO opened at $2.64 on Friday. The company has a 50 day moving average price of $2.81 and a 200-day moving average price of $3.53. E2open Parent Holdings, Inc. has a 1-year low of $2.49 and a 1-year high of $5.07. The firm has a market cap of $906.15 million, a price-to-earnings ratio of -1.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.08 and a quick ratio of 1.08.

E2open Parent (NYSE:ETWO) last issued its quarterly earnings data on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

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