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

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report) shares 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.

Analyst Ratings Changes

Several analysts have recently issued reports on ETWO shares. UBS Group increased their price target on shares of E2open Parent from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. Morgan Stanley assumed coverage on shares of E2open Parent in a research report on Wednesday, January 17th. They issued an "equal weight" rating and a $4.00 price target for the company. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.29.

E2open Parent Price Performance

The stock's 50 day moving average is $4.19 and its two-hundred day moving average is $3.85. The stock has a market capitalization of $1.48 billion, a PE ratio of -1.13, a price-to-earnings-growth ratio of 17.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Investors Weigh In On E2open Parent

Institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. raised its position in shares of E2open Parent by 908.4% during the 4th quarter. Nomura Holdings Inc. now owns 16,099,530 shares of the company's stock worth $70,677,000 after acquiring an additional 14,503,050 shares in the last quarter. Sea Cliff Partners Management LP acquired a new stake in E2open Parent during the fourth quarter worth approximately $14,020,000. Norges Bank purchased a new stake in shares of E2open Parent during the 4th quarter worth approximately $13,168,000. Vanguard Group Inc. lifted 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 worth $99,879,000 after buying an additional 641,933 shares during the last quarter. Finally, Otter Creek Advisors LLC boosted its holdings in shares of E2open Parent by 2,527.2% in the 4th quarter. Otter Creek Advisors LLC now owns 608,148 shares of the company's stock valued at $2,670,000 after buying an additional 585,000 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.