Demandware Inc (NASDAQ:DWRE)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a research note issued to investors on Tuesday, Market Beat.com reports. They currently have a $75.00 price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 69.30% from the company’s current price.

A number of large investors recently made changes to their positions in DWRE. Russell Frank Co boosted its stake in shares of Demandware by 177.9% in the fourth quarter. Russell Frank Co now owns 31,026 shares of the company’s stock worth $1,683,000 after buying an additional 19,860 shares during the period. Quantitative Systematic Strategies bought a new stake in shares of Demandware during the fourth quarter worth approximately $303,000. Finally, California State Teachers Retirement System boosted its stake in shares of Demandware by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 61,879 shares of the company’s stock worth $3,340,000 after buying an additional 1,000 shares during the period.

Demandware (NASDAQ:DWRE) opened at 44.30 on Tuesday. The stock has a 50 day moving average price of $48.26 and a 200 day moving average price of $54.22. Demandware has a 52-week low of $39.92 and a 52-week high of $75.90. The stock’s market cap is $1.67 billion.

Demandware (NASDAQ:DWRE) last posted its earnings results on Monday, November 2nd. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.16. The firm earned $57.60 million during the quarter, compared to analysts’ expectations of $53.48 million. The firm’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, equities research analysts forecast that Demandware will post $0.15 EPS for the current year.

In other Demandware news, SVP Kathleen Bender Patton sold 1,697 shares of the stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $50.24, for a total transaction of $85,257.28. Following the sale, the senior vice president now owns 16,401 shares in the company, valued at approximately $823,986.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Kane sold 2,500 shares of the stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $50.85, for a total value of $127,125.00. Following the sale, the director now owns 12,685 shares in the company, valued at approximately $645,032.25. The disclosure for this sale can be found here.

Other analysts also recently issued reports about the company. Barclays downgraded Demandware from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $70.00 to $57.00 in a research note on Wednesday, January 6th. Zacks Investment Research downgraded Demandware from a “hold” rating to a “sell” rating in a research note on Wednesday, October 14th. Cowen and Company started coverage on Demandware in a research note on Friday, December 11th. They set a “buy” rating for the company. Bank of America started coverage on Demandware in a research note on Wednesday, January 6th. They set a “buy” rating and a $68.00 price objective for the company. Finally, Goldman Sachs started coverage on Demandware in a research note on Friday, December 11th. They set a “buy” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $65.31.

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.

12 Month Chart for NASDAQ:DWRE

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