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Demandware (NASDAQ:DWRE) was upgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, reports. The firm currently has a $70.00 price target on the stock, up from their previous price target of $64.00. Goldman Sachs’ price target would suggest a potential upside of 28.11% from the company’s current price.

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. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $74.11.

In other Demandware news, CEO Thomas D. Ebling sold 50,000 shares of Demandware 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Demandware (NASDAQ:DWRE) opened at 56.3934 on Wednesday. Demandware has a 52-week low of $41.58 and a 52-week high of $82.23. The stock’s 50-day moving average is $61.08 and its 200-day moving average is $62.12. The company’s market cap is $2.037 billion.

Demandware (NASDAQ:DWRE) last posted its quarterly earnings results on Tuesday, August 5th. 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. 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.

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