Determine (NASDAQ:DTRM) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Determine (NASDAQ:DTRM) from a hold rating to a sell rating in a research report released on Thursday, February 15th.

According to Zacks, “Determine, Inc. offers contract management, supply management and configuration solutions. The Company offers SmartContracts, SmartSource and SmartAnalytics. SmartContracts, a solution that streamlines contract processes from request, authoring, negotiation, approval and e-signature through ongoing obligations management, analysis, reporting and renewals; SmartSource, an enterprise scale solution to support the processes of supplier on-boarding, supplier selection and on-going supplier management; Selectica Configuration Solution, which enables enterprise organizations to create valid product and service combinations. It operates primarily in the United States, Canada, India, New Zealand, Switzerland, Germany, Hong Kong, Ireland, Norway and the United Kingdom. Determine, Inc., formerly known as Selectica, Inc., is headquartered in San Mateo, California. “

A number of other research firms also recently weighed in on DTRM. Maxim Group downgraded shares of Determine from a buy rating to a hold rating in a research report on Friday, November 10th. ValuEngine cut shares of Determine from a sell rating to a strong sell rating in a research note on Friday, December 1st. Finally, B. Riley dropped their price target on shares of Determine from $3.50 to $3.00 and set a buy rating on the stock in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $3.00.

Shares of Determine (DTRM) traded down $0.01 during mid-day trading on Thursday, reaching $1.39. 14,203 shares of the company’s stock were exchanged, compared to its average volume of 23,272. Determine has a twelve month low of $1.23 and a twelve month high of $3.93. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The company has a market cap of $21.15, a P/E ratio of -11.83 and a beta of 1.49.

Determine (NASDAQ:DTRM) last released its earnings results on Thursday, February 8th. The technology company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. Determine had a negative net margin of 30.59% and a negative return on equity of 87.88%. The firm had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.00 million. During the same period in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 8.7% compared to the same quarter last year. research analysts predict that Determine will post -0.52 earnings per share for the current fiscal year.

In other news, major shareholder Lloyd I. Miller III sold 62,000 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $1.73, for a total value of $107,260.00. Following 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $1.69, for a total transaction of $42,250.00. Following the completion of the transaction, the insider now directly owns 250,820 shares in the company, valued at approximately $423,885.80. The disclosure for this sale can be found here. Insiders sold a total of 112,000 shares of company stock worth $191,760 over the last quarter. Corporate insiders own 9.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. grew its holdings in 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 during the last quarter. Susquehanna International Group LLP bought a new stake in Determine in the 2nd quarter worth $203,000. Finally, Cornerstone Capital Inc. bought a new stake in Determine in the 4th quarter worth $144,000. 17.78% of the stock is currently owned by institutional investors.

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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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