Robertson Stephens Wealth Management LLC Makes New $110,000 Investment in E2open Parent Holdings, Inc. (NYSE:ETWO)

Robertson Stephens Wealth Management LLC bought a new position in E2open Parent Holdings, Inc. (NYSE:ETWO) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in E2open Parent by 22.6% in the 4th quarter. Victory Capital Management Inc. now owns 32,267 shares of the company’s stock worth $142,000 after purchasing an additional 5,943 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in E2open Parent in the 4th quarter worth approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in E2open Parent by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,394 shares of the company’s stock worth $164,000 after purchasing an additional 12,930 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in E2open Parent in the 4th quarter worth approximately $132,000. Finally, Vanguard Group Inc. raised its position in shares of E2open Parent by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 21,999,755 shares of the company’s stock valued at $99,879,000 after buying an additional 641,933 shares during the period.

E2open Parent Stock Down 2.2 %

ETWO stock opened at $4.75 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of -1.34, a PEG ratio of 1.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.00. E2open Parent Holdings, Inc. has a one year low of $2.15 and a one year high of $6.90. The firm’s 50 day moving average price is $4.25 and its 200-day moving average price is $3.90.

Analysts Set New Price Targets

ETWO has been the topic of several analyst reports. 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 price target on the stock. UBS Group lifted their price target on shares of E2open Parent from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, E2open Parent currently has a consensus rating of “Hold” and a consensus price target of $4.29.

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 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.