Maxim Group downgraded shares of Determine (NASDAQ:DTRM) from a hold rating to a sell rating in a research note published on Monday morning, MarketBeat reports. Maxim Group currently has $1.00 price target on the technology company’s stock.

Other research analysts have also recently issued reports about the company. B. Riley cut their price objective on Determine from $3.50 to $3.00 and set a buy rating for the company in a report on Friday, February 9th. Zacks Investment Research cut Determine from a hold rating to a sell rating in a report on Monday, January 8th. Finally, ValuEngine cut Determine from a sell rating to a strong sell rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Determine presently has an average rating of Hold and an average target price of $3.00.

Determine (NASDAQ DTRM) opened at $1.55 on Monday. Determine has a twelve month low of $1.51 and a twelve month high of $3.93. The company has a current ratio of 0.71, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09.

Determine (NASDAQ:DTRM) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. The company had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.00 million. Determine had a negative return on equity of 87.88% and a negative net margin of 30.59%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned ($0.08) earnings per share. sell-side analysts anticipate that Determine will post -0.55 earnings per share for the current fiscal year.

In related news, major shareholder Lloyd I. Miller III sold 62,000 shares of Determine stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $1.73, for a total value of $107,260.00. Following the completion of the transaction, the insider now directly owns 250,820 shares of the company’s stock, valued at $433,918.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of Determine stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $1.69, for a total value of $42,250.00. The disclosure for this sale can be found here. Insiders sold 120,000 shares of company stock valued at $205,360 over the last ninety days. 9.96% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. raised its holdings in shares of Determine by 103.2% in the second quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock valued at $3,871,000 after buying an additional 739,000 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Determine in the second quarter valued at about $203,000. Finally, Cornerstone Capital Inc. bought a new position in shares of Determine in the fourth quarter valued at about $144,000. 17.46% of the stock is owned by institutional investors and hedge funds.

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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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