Determine (DTRM) Announces Earnings Results, Beats Expectations By $0.03 EPS

Determine (NASDAQ:DTRM) announced its earnings results on Thursday. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03, Briefing.com reports. The business had revenue of $7.50 million for the quarter, compared to the consensus estimate of $7.00 million. Determine had a negative net margin of 30.72% and a negative return on equity of 88.32%. Determine’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted ($0.08) earnings per share.

Shares of Determine (NASDAQ DTRM) traded up $0.09 on Thursday, reaching $1.77. 90,158 shares of the company were exchanged, compared to its average volume of 23,895. The stock has a market capitalization of $26.21, a P/E ratio of -2.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.73 and a quick ratio of 0.73. Determine has a 1-year low of $1.55 and a 1-year high of $3.93.

A number of equities research analysts recently weighed in on DTRM shares. B. Riley reaffirmed a “buy” rating and issued a $3.50 target price on shares of Determine in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of Determine from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. ValuEngine downgraded shares of Determine from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Maxim Group downgraded shares of Determine from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.83.

In other Determine news, major shareholder Lloyd I. Miller III sold 62,000 shares of Determine stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $1.73, for a total transaction of $107,260.00. Following the transaction, the insider now directly owns 250,820 shares of the company’s stock, valued at $433,918.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of Determine stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $1.69, for a total transaction of $42,250.00. Following the transaction, the insider now directly owns 250,820 shares in the company, valued at $423,885.80. The disclosure for this sale can be found here. Insiders have sold 145,000 shares of company stock worth $248,610 over the last three months. Insiders own 9.96% of the company’s stock.

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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.

Earnings History for Determine (NASDAQ:DTRM)

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