Demandware Inc Hits New 52-Week High at $67.97 (DWRE)
Shares of Demandware (NASDAQ:DWRE) hit a new 52-week high during mid-day trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $67.97 and last traded at $67.26, with a volume of 224,500 shares trading hands. The stock had previously closed at $64.40.
DWRE has been the subject of a number of recent research reports. Analysts at Barclays initiated coverage on shares of Demandware in a research note to investors on Thursday, December 19th. They set an “overweight” rating and a $76.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Canaccord Genuity raised their price target on shares of Demandware from $65.00 to $70.00 in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Demandware from $55.00 to $65.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $58.44.
Demandware (NASDAQ:DWRE) last released its earnings data on Tuesday, November 5th. The company reported ($0.20) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.13) by $0.07. The company had revenue of $24.50 million for the quarter, compared to the consensus estimate of $23.65 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 31.0% on a year-over-year basis.
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.
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