Demandware Inc (DWRE) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $41 . Mizuho advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Demandware Inc. Demandware Inc was Initiated by Pacific Crest to “Sector Weight” on Apr 11, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $52 .Shares were Reiterated by Oppenheimer on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 41 from a previous price target of $63 .
On the company’s financial health, Demandware Inc reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.22. The company had revenue of $75.60 million for the quarter, compared to analysts expectations of $72.58 million. The company’s revenue was up 44.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Demandware Inc opened for trading at $44.7 and hit $45.55 on the upside on Wednesday, eventually ending the session at $45.41, with a gain of 2.37% or 1.05 points. The heightened volatility saw the trading volume jump to 4,96,877 shares. Company has a market cap of $1,713 M.
In a different news, on Mar 24, 2016, Thomas D Ebling (CEO) purchased 30,000 shares at $34.94 per share price. According to the SEC, on Mar 7, 2016, Timothy M Adams (EVP & Chief Financial Officer) sold 1,406 shares at $34.71 per share price. On Mar 2, 2016, Jitendra S Saxena (director) sold 10,000 shares at $34.62 per share price, according to the Form-4 filing with the securities and exchange commission.
Demandware Inc. is a provider of enterprise-class cloud-based digital commerce solutions which includes ecommerce order management and predictive intelligence applications for retailers and branded manufacturers. The Companys solution Demandware Commerce is a combination of its cloud platform community and related services that enables customers to establish and execute digital commerce solutions. Its solutions include global expansion multi-brand multi-site rollouts omni-channel and in-store operations as well as single platform or unified commerce platform solutions. A component of its solution is the Companys ecosystem of trusted partners called Demandware LINK that complements the Demandware Commerce Cloud. Demandware LINK is comprised of technology solution and end-to end partners. LINK Technology Partners provide customers with access to technologies that complement the Demandware Commerce Cloud through pre-built integrations.