Selectica Inc. (NASDAQ:DTRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Determine, Inc. offers contract management, supply management and configuration solutions. The Company offers SmartContracts, SmartSource and SmartAnalytics. SmartContracts, a solution that streamlines contract processes from request, authoring, negotiation, approval and e-signature through ongoing obligations management, analysis, reporting and renewals; SmartSource, an enterprise scale solution to support the processes of supplier on-boarding, supplier selection and on-going supplier management; Selectica Configuration Solution, which enables enterprise organizations to create valid product and service combinations. It operates primarily in the United States, Canada, India, New Zealand, Switzerland, Germany, Hong Kong, Ireland, Norway and the United Kingdom. Determine, Inc., formerly known as Selectica, Inc., is headquartered in San Mateo, California. “

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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.58.

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Selectica (NASDAQ:DTRM) traded down 0.52% during midday trading on Monday, hitting $1.93. The company’s stock had a trading volume of 16,248 shares. Selectica has a one year low of $0.82 and a one year high of $5.79. The company’s 50-day moving average is $1.78 and its 200 day moving average is $1.60. The company’s market cap is $22.02 million.

Selectica (NASDAQ:DTRM) last issued its earnings results on Wednesday, August 10th. The company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Selectica had a negative return on equity of 67.81% and a negative net margin of 50.63%. The business earned $6.50 million during the quarter, compared to analysts’ expectations of $6.75 million. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Selectica will post ($0.34) EPS for the current year.

In other Selectica news, major shareholder Lloyd I. Miller III purchased 45,799 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was bought at an average cost of $1.65 per share, for a total transaction of $75,568.35. Following the completion of the purchase, the insider now owns 30,780 shares in the company, valued at approximately $50,787. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lloyd I. Miller III purchased 18,746 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was acquired at an average price of $1.74 per share, with a total value of $32,618.04. Following the completion of the purchase, the insider now owns 30,780 shares of the company’s stock, valued at approximately $53,557.20. The disclosure for this purchase can be found here. Corporate insiders own 6.97% of the company’s stock.

Selectica Company Profile

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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