Demandware Inc Hits New 52-Week High at $52.24 (DWRE)
Shares of Demandware (NASDAQ:DWRE) hit a new 52-week high during mid-day trading on Friday, StockRatingsNetwork reports. The stock traded as high as $52.24 and last traded at $50.80, with a volume of 77,398 shares trading hands. The stock had previously closed at $51.77.
A number of analysts have recently weighed in on DWRE shares. Analysts at Wedbush raised their price target on shares of Demandware from $37.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock. Analysts at Raymond James raised their price target on shares of Demandware from $38.00 to $54.50 in a research note to investors on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.21.
In other Demandware news, CTO Wayne Whitcomb sold 13,333 shares of Demandware stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $50.61, for a total transaction of $674,783.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Demandware has a one year low of $23.90 and a one year high of $49.11. The stock’s 50-day moving average is $44.91 and its 200-day moving average is $35.02. The company’s market cap is $1.560 billion.
Demandware (NASDAQ:DWRE) last announced its earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.04. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.20 million. During the same quarter last year, the company posted ($0.12) earnings per share. Demandware’s revenue was up 26.1% compared to the same quarter last year. Analysts expect that Demandware will post $-0.32 EPS for the current fiscal year.
Demandware, Inc (NASDAQ:DWRE) is a provider of software-as-a-service e-commerce solutions that enable companies to design, implement and manage their own customized e-commerce sites, including Websites, mobile applications and other digital storefronts.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.