Pacific Crest Initiates Coverage on Demandware Inc to Sector Weight

Pacific Crest Initiates Coverage on Demandware Inc(NYSE:DWRE). The shares have been rated Sector Weight. The rating by Pacific Crest was issued on Apr 11, 2016.

In a different note, On Apr 1, 2016, Canaccord Genuity said it Maintains its rating on Demandware Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 10, 2016, Deutsche Bank said it Maintains its rating on Demandware Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 10, 2016, FBR Capital said it Maintains its rating on Demandware Inc. In the research note, the firm Lowers the price-target to $64.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 10, 2016, Barclays said it Maintains its rating on Demandware Inc. In the research note, the firm Lowers the price-target to $57.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Demandware Inc (DWRE) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -0.41% at a volume of 3,02,966. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.85. The peak price level was also seen at $41.85 while the days lowest was $40.6. Finally the shares closed at $41.44. The 52-week high of the shares is $75.9 while the 52-week low is $26.47. According to the latest information available, the market cap of the company is $1,563 M.

Demandware Inc(DWRE) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $75.56M. Analysts had an estimated revenue of $72.58M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Mar 24, 2016, Thomas D Ebling (CEO) purchased 30,000 shares at $34.94 per share price.Also, 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 Company’s 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 Company’s 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.

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