Shares of Determine Inc (NASDAQ:DTRM) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $5.00 for the company, according to Zacks. Zacks has also given Determine an industry rank of 47 out of 255 based on the ratings given to related companies.
Several analysts recently weighed in on DTRM shares. B. Riley lowered their price objective on Determine from $3.00 to $2.25 and set a “buy” rating for the company in a report on Thursday, June 28th. Zacks Investment Research lowered Determine from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. ValuEngine lowered Determine from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Needham & Company LLC lowered their price objective on Determine to $3.00 and set a “buy” rating for the company in a report on Monday, August 13th.
A hedge fund recently bought a new stake in Determine stock. Northern Trust Corp bought a new stake in Determine Inc (NASDAQ:DTRM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 169,708 shares of the technology company’s stock, valued at approximately $239,000. Northern Trust Corp owned 1.13% of Determine as of its most recent SEC filing. 14.06% of the stock is currently owned by institutional investors and hedge funds.
Determine stock traded up $0.01 during midday trading on Friday, hitting $0.54. The stock had a trading volume of 16,731 shares, compared to its average volume of 74,297. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 7.61. The firm has a market cap of $7.98 million, a P/E ratio of -1.02 and a beta of 1.39. Determine has a 12 month low of $0.45 and a 12 month high of $2.34.
Determine (NASDAQ:DTRM) last announced its quarterly earnings data 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 the consensus estimate of $6.41 million. Determine had a negative net margin of 43.83% and a negative return on equity of 182.99%.
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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