Demandware Receives Average Rating of “Buy” from Analysts (NASDAQ:DWRE)
Demandware (NASDAQ:DWRE) has received an average rating of “Buy” from the nine brokerages that are currently covering the stock, AnalystRatingsNetwork reports. Seven equities research analysts have rated the stock with a buy rating, The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $74.11.
Demandware (NASDAQ:DWRE) opened at 54.89 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 $60.22 and its 200-day moving average is $62.00. The company’s market cap is $1.983 billion.
Demandware (NASDAQ:DWRE) last issued its quarterly earnings data 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 in the prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 55.6% on a year-over-year basis. On average, analysts predict that Demandware will post $-0.05 earnings per share for the current fiscal year.
In other Demandware news, CEO Thomas D. Ebling unloaded 50,000 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $53.97, for a total value of $2,698,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DWRE. 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, 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.