Share on StockTwits

Shares of Demandware (NASDAQ:DWRE) have received an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Stock Ratings reports. Seven analysts have rated the stock with a buy rating, The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $74.11.

In other Demandware news, CEO Thomas D. Ebling sold 50,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $53.97, for a total transaction of $2,698,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on DWRE shares. Analysts at Goldman Sachs upgraded shares of Demandware from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $70.00 price target on the stock, up previously from $64.00. Separately, 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.

Demandware (NASDAQ:DWRE) traded up 7.76% during mid-day trading on Wednesday, hitting $58.88. The stock had a trading volume of 268,309 shares. Demandware has a one year low of $41.58 and a one year high of $82.23. The stock has a 50-day moving average of $61.08 and a 200-day moving average of $62.12. The company’s market cap is $2.127 billion.

Demandware (NASDAQ:DWRE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Demandware will post $-0.05 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.