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, MarketBeat.com 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.

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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.

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