Gagnon Securities LLC Has $5.81 Million Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

Gagnon Securities LLC increased its position in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 37.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,182,893 shares of the company's stock after acquiring an additional 596,425 shares during the quarter. E2open Parent accounts for about 1.2% of Gagnon Securities LLC's holdings, making the stock its 27th largest position. Gagnon Securities LLC owned approximately 0.64% of E2open Parent worth $5,806,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ETWO. The Manufacturers Life Insurance Company lifted 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 valued at $451,000 after purchasing an additional 7,566 shares in the last quarter. Handelsbanken Fonder AB raised 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 valued at $222,000 after buying an additional 10,500 shares during the period. Sei Investments Co. lifted its stake in E2open Parent by 16.4% in the 2nd quarter. Sei Investments Co. now owns 84,203 shares of the company's stock worth $378,000 after acquiring an additional 11,883 shares in the last quarter. MQS Management LLC purchased a new position in E2open Parent during the 3rd quarter valued at about $57,000. Finally, SG Americas Securities LLC grew its stake in E2open Parent by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 85,205 shares of the company's stock valued at $227,000 after acquiring an additional 13,489 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ETWO. Morgan Stanley dropped their price objective on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group downgraded 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 note on Wednesday, December 11th. Finally, Loop Capital cut their target price 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.

E2open Parent Price Performance

E2open Parent stock traded up $0.03 on Wednesday, reaching $2.88. The company's stock had a trading volume of 572,363 shares, compared to its average volume of 1,602,182. E2open Parent Holdings, Inc. has a twelve month low of $2.49 and a twelve month high of $5.07. 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 business's fifty day moving average price is $2.79 and its 200 day moving average price is $3.49. The company has a market cap of $986.82 million, a price-to-earnings ratio of -1.93, a PEG ratio of 1.14 and a beta of 1.00.

E2open Parent (NYSE:ETWO - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The company reported $0.05 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%. Equities analysts expect that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current fiscal year.

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.