Determine Inc (DTRM) Given Average Rating of “Strong Buy” by Analysts

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 company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $5.00 for the company, according to Zacks. Zacks has also assigned Determine an industry rank of 61 out of 255 based on the ratings given to its competitors.

Several brokerages have weighed in on DTRM. Zacks Investment Research upgraded shares of Determine from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Needham & Company LLC lowered their target price on shares of Determine to $3.00 and set a “buy” rating for the company in a research note on Monday, August 13th. B. Riley downgraded shares of Determine from a “buy” rating to a “neutral” rating and lowered their target price for the company from $2.25 to $1.50 in a research note on Friday, August 10th. Finally, ValuEngine downgraded shares of Determine from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd.

A hedge fund recently bought a new stake in Determine stock. Northern Trust Corp acquired a new position in shares of Determine Inc (NASDAQ:DTRM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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. Institutional investors and hedge funds own 14.06% of the company’s stock.

DTRM traded up $0.01 during trading on Friday, hitting $0.56. The stock had a trading volume of 3,268 shares, compared to its average volume of 40,961. The company has a market cap of $10.23 million, a price-to-earnings ratio of -1.06 and a beta of 1.40. Determine has a twelve month low of $0.45 and a twelve month high of $2.35. 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 (NASDAQ:DTRM) last announced its earnings results on Thursday, August 9th. The technology company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.04). The firm had revenue of $6.04 million during the quarter, compared to analyst estimates of $6.41 million. Determine had a negative net margin of 43.83% and a negative return on equity of 182.99%.

About Determine

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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