E2open Parent (NYSE:ETWO) Shares Gap Up to $4.26

E2open Parent Holdings, Inc. (NYSE:ETWO) gapped up before the market opened on Tuesday . The stock had previously closed at $4.26, but opened at $4.69. E2open Parent shares last traded at $4.82, with a volume of 635,632 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ETWO. UBS Group lifted their target price on shares of E2open Parent from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Morgan Stanley initiated coverage on shares of E2open Parent in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $4.00 target price for the company. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.29.

E2open Parent Stock Up 15.5 %

The firm has a market cap of $1.51 billion, a PE ratio of -1.11, a PEG ratio of 17.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50-day simple moving average is $4.19 and its two-hundred day simple moving average is $3.85.

Institutional Investors Weigh In On E2open Parent

Several institutional investors have recently added to or reduced their stakes in ETWO. Russell Investments Group Ltd. bought a new position in E2open Parent in the 4th quarter worth $55,000. Beacon Pointe Advisors LLC bought a new position in E2open Parent in the 4th quarter worth $57,000. Laurion Capital Management LP bought a new position in E2open Parent in the 3rd quarter worth $59,000. Robertson Stephens Wealth Management LLC bought a new position in shares of E2open Parent in the 4th quarter worth about $110,000. Finally, Principal Financial Group Inc. increased its stake in shares of E2open Parent by 18.0% in the 3rd quarter. Principal Financial Group Inc. now owns 25,004 shares of the company’s stock worth $114,000 after acquiring an additional 3,813 shares in the last quarter.

About E2open Parent

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 software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. The company's software combines networks, data, and applications to provide a platform that allows customers to optimize their channel and supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.