Maxim Group Downgrades Determine, Inc. (DTRM) to Hold

Maxim Group downgraded shares of Determine, Inc. (NASDAQ:DTRM) from a buy rating to a hold rating in a report issued on Friday, reports.

A number of other research analysts have also recently commented on the company. ValuEngine cut Determine from a hold rating to a sell rating in a report on Saturday, July 22nd. B. Riley assumed coverage on Determine in a report on Monday, October 16th. They issued a buy rating and a $3.50 price target on the stock.

Determine (NASDAQ:DTRM) traded down $0.36 during midday trading on Friday, reaching $1.87. The company had a trading volume of 90,000 shares, compared to its average volume of 29,719. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.73 and a current ratio of 0.73. Determine has a one year low of $1.58 and a one year high of $3.93.

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

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at

In other news, CEO Patrick Stakenas acquired 16,000 shares of Determine stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $1.75 per share, with a total value of $28,000.00. Following the purchase, the chief executive officer now directly owns 879,009 shares in the company, valued at approximately $1,538,265.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders acquired 34,500 shares of company stock worth $60,165. Corporate insiders own 9.96% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DTRM. Susquehanna International Group LLP bought a new stake in Determine in the 2nd quarter worth approximately $203,000. Renaissance Technologies LLC increased its stake in Determine by 24.5% in the 1st quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after acquiring an additional 29,500 shares during the last quarter. Finally, AWM Investment Company Inc. increased its stake 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. 23.43% of the stock is currently owned by institutional investors and hedge funds.

Determine Company Profile

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.

Receive News & Ratings for Determine Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Determine Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply