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Demandware (NASDAQ:DWRE) shares saw an uptick in trading volume on Wednesday following a better than expected earnings announcement, Stock Ratings Network.com reports. 1,007,141 shares traded hands during trading, an increase of 58% from the previous session’s volume of 635,941 shares.The stock last traded at $52.66 and had previously closed at $51.71.

The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.10. The company had revenue of $36.10 million for the quarter, compared to the consensus estimate of $33.82 million. During the same quarter last year, the company posted ($0.17) earnings per share. Demandware’s revenue was up 55.6% compared to the same quarter last year.

DWRE has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Demandware from $72.00 to $65.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. Analysts at Goldman Sachs cut their price target on shares of Demandware from $70.00 to $64.00 in a research note on Thursday, May 22nd. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $73.47.

The stock’s 50-day moving average is $63.11 and its 200-day moving average is $62.57. The company’s market cap is $1.894 billion. Demandware also was the target of some unusual options trading on Tuesday. Investors purchased 619 put options on the company. This represents an increase of 725% compared to the average volume of 75 put options.

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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