Determine (DTRM) Rating Lowered to Sell at Maxim Group

Determine (NASDAQ:DTRM) was downgraded by research analysts at Maxim Group from a “hold” rating to a “sell” rating in a report issued on Monday, Marketbeat.com reports. They currently have a $1.00 target price on the technology company’s stock. Maxim Group’s price objective suggests a potential downside of 38.27% from the company’s previous close.

A number of other research analysts have also commented on the company. B. Riley began coverage on Determine in a research report on Monday, October 16th. They set a “buy” rating and a $3.50 price target for the company. ValuEngine lowered Determine from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research lowered Determine from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $3.00.

Shares of Determine (NASDAQ DTRM) traded down $0.12 during mid-day trading on Monday, reaching $1.62. The company had a trading volume of 24,426 shares, compared to its average volume of 17,542. The stock has a market cap of $25.92, a PE ratio of -2.68 and a beta of 1.49. Determine has a 52 week low of $1.55 and a 52 week high of $3.93. 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 (NASDAQ:DTRM) last issued its earnings results on Thursday, February 8th. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.00 million. Determine had a negative return on equity of 84.76% and a negative net margin of 30.59%. Determine’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. research analysts anticipate that Determine will post -0.55 EPS for the current fiscal year.

In other news, major shareholder Lloyd I. Miller III sold 62,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $1.73, for a total value of $107,260.00. Following the completion of the transaction, the insider now owns 250,820 shares of the company’s stock, valued at approximately $433,918.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $1.69, for a total value of $42,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 145,000 shares of company stock valued at $248,610 in the last ninety days. 9.96% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in DTRM. AWM Investment Company Inc. raised its position in shares of Determine by 103.2% in the 2nd quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after acquiring an additional 739,000 shares in the last quarter. Cornerstone Capital Inc. bought a new position in shares of Determine in the 4th quarter worth approximately $144,000. Finally, Susquehanna International Group LLP bought a new position in shares of Determine in the 2nd quarter worth approximately $203,000. 17.46% of the stock is owned by hedge funds and other institutional investors.

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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.

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