Brokerages Expect Selectica Inc. (NASDAQ:DTRM) to Post ($0.22) Earnings Per Share
Selectica Inc. (NASDAQ:DTRM) has been given a consensus broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 12-month consensus price target of $4.50 for the company and are anticipating that the company will post ($0.22) EPS for the current quarter, according to Zacks. Zacks has also assigned Selectica an industry rank of 69 out of 265 based on the ratings given to its competitors.
Separately, Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of Selectica in a research note on Friday, June 17th.
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In other Selectica news, major shareholder Lloyd I. Miller III bought 45,799 shares of Selectica stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average cost of $1.65 per share, with a total value of $75,568.35. Following the transaction, the insider now directly owns 30,780 shares of the company’s stock, valued at approximately $50,787. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lloyd I. Miller III bought 25,000 shares of Selectica stock in a transaction that occurred on Wednesday, July 20th. The shares were acquired at an average cost of $1.74 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the insider now directly owns 30,780 shares in the company, valued at $53,557.20. The disclosure for this purchase can be found here. Corporate insiders own 6.97% of the company’s stock.
Selectica (NASDAQ:DTRM) traded up 0.0000% during mid-day trading on Friday, hitting $1.7315. The firm’s market cap is $19.75 million. Selectica has a one year low of $0.82 and a one year high of $5.79. The stock’s 50-day moving average price is $1.78 and its 200 day moving average price is $1.60.
Selectica (NASDAQ:DTRM) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The firm earned $6.50 million during the quarter, compared to analysts’ expectations of $6.75 million. Selectica had a negative return on equity of 67.81% and a negative net margin of 50.63%. Selectica’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Selectica will post ($0.34) earnings per share for the current fiscal year.
Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.
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