Shares of Determine Inc (NASDAQ:DTRM) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Determine an industry rank of 64 out of 255 based on the ratings given to its competitors.
DTRM has been the topic of several recent analyst reports. B. Riley downgraded Determine from a “buy” rating to a “neutral” rating and decreased their target price for the company from $2.25 to $1.50 in a research note on Friday, August 10th. ValuEngine downgraded Determine from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded Determine from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Finally, Needham & Company LLC decreased their target price on Determine to $3.00 and set a “buy” rating on the stock in a research note on Monday, August 13th.
Shares of NASDAQ DTRM traded down $0.03 during trading on Friday, hitting $0.59. The company had a trading volume of 3,053 shares, compared to its average volume of 41,107. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 7.61. Determine has a 12 month low of $0.45 and a 12 month high of $2.43. The company has a market capitalization of $10.23 million, a P/E ratio of -1.10 and a beta of 1.40.
Determine (NASDAQ:DTRM) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.04). Determine had a negative return on equity of 182.99% and a negative net margin of 43.83%. The company had revenue of $6.04 million during the quarter, compared to the consensus estimate of $6.41 million.
A hedge fund recently bought a new stake in Determine stock. Northern Trust Corp bought a new stake in shares of Determine Inc (NASDAQ:DTRM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 169,708 shares of the technology company’s stock, valued at approximately $239,000. Northern Trust Corp owned 1.13% of Determine at the end of the most recent quarter. 14.06% of the stock is currently owned by institutional investors.
Determine, Inc provides software-as-a-service source-to-pay and enterprise contract lifecycle management (ECLM) solutions. The company offers Determine Cloud Platform, an open technology infrastructure for application in strategic sourcing, contract management, e-procurement, invoice management, financial management, supplier management, business applications, ECLM, and analytics.
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