How Goldman Currently Rates Demandware (NYSE:DWRE)
In an analyst note revealed to clients and investors today, Goldman analysts have initiated Demandware (NYSE:DWRE) coverage with Buy rating.
From a total of 13 analysts covering Demandware (NYSE:DWRE) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 93% of the ratings are positive. The highest target price is $75 while the lowest target price is $60. The mean of all analyst targets is $66 with a 30.15% above today’s ($50.71) stock price. Demandware was the topic of 21 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on November 20 with “Buy” rating. BTIG Research initiated shares with “Buy” rating and $70 target share price in a report from a September 10. FBR Capital maintained DWRE stock in a recent report from November 20 with “Outperform” rating. Finally, Mizuho maintained the stock with “Buy” rating in a report issued on a November 3.
Approximately 81,163 shares of stock traded hands. Demandware Inc (NYSE:DWRE) has declined 14.34% since May 8, 2015 and is downtrending. It has underperformed by 11.33% the S&P500.
The overall sentiment of institutions has decreased to 1.08 in Q2 2015. Its down 0.52, from 1.6 in 2015Q2. The ratio fall, as 35 institutions have sold all the shares of Demandware Inc that they owned while 48 funds have taken shares off the table. 21 funds have purchased shares for the first time while 69 added to their positions. These institutions now hold 45.80 million shares or 26.59% more than the 36.18 million shares they owned in 2015Q2.
The Fund Glynn Capital Management Llc currently is holding shares equating to 2.74% of its total portfolio in Demandware Inc representing a total of 160,412 shares. Another fund,Ao Asset Management Llc, is holding a total of 211,000 shares equating to 2.7% of their holdings. Additionally, Altimeter Capital Management Lp has a 400,000 share stake in Demandware Inc which represents 1.32% of their total portfolio. The Fund, Century Capital Management Llc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 1.17% of their total portfolio. Finally Granahan Investment Management Inc Ma, a fund which is based in the state of Massachusetts reported a total holdings of 525,368 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 25, 2015, shareholders of Demandware Inc have witnessed 0 insider buys, and a total of 12 sales equating to a net activity of approximately $5.76 million . Patton Kathleen Bender sold 1,042 shares worth approximately $59,995. Barnett Jeffrey G sold 3,012 shares worth approximately $161,872. Adams Timothy M sold 1,406 shares worth approximately $75,708. Goyal Rohit sold 3,125 shares worth approximately $168,067. The company insider Ebling Thomas D sold 20,000 shares worth $1.19M.
Demandware, Inc. is a provider of enterprise-class cloud digital commerce solutions, which includes ecommerce, order management and predictive intelligence applications, for retailers and branded manufacturers. The company has a market cap of $1.92 billion. The Company’s solution, Demandware Commerce, is a combination of its cloud platform, community and related services that enables clients to establish and execute digital commerce solutions. It currently has negative earnings. The Company’s 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.
According to Zacks Investment Research, “Demandware, Inc. provides software-as-a-service e-commerce solutions. The Company’s software delivers support for websites, mobile applications and digital storefronts. It provides Demandware Commerce Center, Demandware LINK, Development Platform and Commerce Cloud. Its customers include multinational corporations, retailers, and branded consumer product manufacturers. Demandware, Inc. is headquartered in Burlington, Massachusetts.” Get a free copy of the Zacks research report on Demandware Inc (DWRE).