DEMANDWARE (NYSE:DWRE) : 12 analysts are covering DEMANDWARE (NYSE:DWRE) and their average rating on the stock is 2.5, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
DEMANDWARE (NYSE:DWRE) : The most positive equity analysts on DEMANDWARE (NYSE:DWRE) expects the shares to touch $75, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $64.38 with an expected fluctuation of $9.8 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Citigroup downgrades its ratings on DEMANDWARE (NYSE:DWRE). In the latest research report, Citigroup raises the target price from $53 per share to $75 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016.
DEMANDWARE (NYSE:DWRE): stock turned positive on Tuesday. Though the stock opened at $74.84, the bulls momentum made the stock top out at $74.89 level for the day. The stock recorded a low of $74.82 and closed the trading day at $74.85, in the green by 0.03%. The total traded volume for the day was 1,344,718. The stock had closed at $74.83 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Saxena Jitendra S, director of Demandware Inc, had unloaded 10,000 shares at an average price of $74.75 in a transaction dated on June 1, 2016. The total value of the transaction was worth $747,500.
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.