Determine, Inc. (NASDAQ:DTRM) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research analysts have also recently commented on the stock. Maxim Group reaffirmed a “buy” rating and set a $6.00 target price (up from $4.50) on shares of Determine in a report on Friday, June 9th. Lake Street Capital raised their target price on shares of Determine from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, April 24th.

Shares of Determine (NASDAQ DTRM) opened at 2.28 on Friday. The firm’s 50-day moving average price is $2.82 and its 200-day moving average price is $2.96. The firm’s market capitalization is $27.59 million. Determine has a 12-month low of $1.50 and a 12-month high of $3.93.

Determine (NASDAQ:DTRM) last announced its earnings results on Thursday, June 8th. The technology company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.07. Determine had a negative net margin of 34.41% and a negative return on equity of 106.24%. The company had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $6.79 million. During the same period last year, the firm earned ($0.20) earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that Determine will post ($0.27) earnings per share for the current fiscal year.

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An institutional investor recently raised its position in Determine stock. Renaissance Technologies LLC increased its position in shares of Determine, Inc. (NASDAQ:DTRM) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,314 shares of the technology company’s stock after buying an additional 5,200 shares during the period. Renaissance Technologies LLC owned 0.99% of Determine worth $235,000 at the end of the most recent reporting period. 23.76% of the stock is currently owned by institutional investors.

Determine 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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