Determine, Inc. (DTRM) Downgraded to “Hold” at Maxim Group

Maxim Group downgraded shares of Determine, Inc. (NASDAQ:DTRM) from a buy rating to a hold rating in a research note released on Friday.

Several other research firms have also recently issued reports on DTRM. ValuEngine cut Determine from a hold rating to a sell rating in a report on Saturday, July 22nd. B. Riley restated a buy rating and set a $3.50 price objective on shares of Determine in a report on Monday, November 6th.

Determine (NASDAQ DTRM) traded down $0.07 during trading on Friday, reaching $2.23. The company’s stock had a trading volume of 25,900 shares, compared to its average volume of 29,443. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.84. Determine has a one year low of $1.58 and a one year high of $3.93.

Determine (NASDAQ:DTRM) last released its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $6.89 million during the quarter, compared to the consensus estimate of $6.77 million. Determine had a negative return on equity of 88.32% and a negative net margin of 30.72%. Determine’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) earnings per share. research analysts anticipate that Determine will post -0.46 EPS for the current year.

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In other news, CEO Patrick Stakenas bought 16,000 shares of Determine stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $1.75 per share, for a total transaction of $28,000.00. Following the completion of the acquisition, the chief executive officer now owns 879,009 shares of the company’s stock, valued at $1,538,265.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 34,500 shares of company stock worth $60,165 in the last quarter. 9.96% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in Determine in the second quarter valued at $203,000. Renaissance Technologies LLC boosted its holdings in Determine by 24.5% in the first quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock valued at $509,000 after acquiring an additional 29,500 shares during the last quarter. Finally, AWM Investment Company Inc. boosted its holdings in Determine by 103.2% in the second quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock valued at $3,871,000 after acquiring an additional 739,000 shares during the last quarter. Hedge funds and other institutional investors own 23.43% of the company’s stock.

About Determine

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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