Determine (NASDAQ:DTRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.

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. “

Other equities research analysts also recently issued reports about the stock. B. Riley restated a “buy” rating and issued a $3.50 target price on shares of Determine in a report on Monday, December 4th. ValuEngine downgraded shares of Determine from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, Maxim Group downgraded shares of Determine from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.83.

Determine (NASDAQ:DTRM) traded down $0.04 during trading hours on Monday, hitting $1.93. 11,300 shares of the stock were exchanged, compared to its average volume of 27,700. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $29.33, a price-to-earnings ratio of -2.84 and a beta of 1.79. Determine has a twelve month low of $1.55 and a twelve month high of $3.93.

Determine (NASDAQ:DTRM) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The business had revenue of $6.89 million during the quarter, compared to analyst estimates of $6.77 million. Determine had a negative net margin of 30.72% and a negative return on equity of 88.32%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) earnings per share. equities analysts expect that Determine will post -0.46 earnings per share for the current year.

In related news, major shareholder Lloyd I. Miller III sold 62,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 250,820 shares in the company, valued at $433,918.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Lloyd I. Miller III sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $1.69, for a total transaction of $42,250.00. Following the completion of the sale, the insider now owns 250,820 shares of the company’s stock, valued at $423,885.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,000 shares of company stock valued at $248,610. 9.96% of the stock is owned by insiders.

An institutional investor recently raised its position in Determine stock. AWM Investment Company Inc. boosted its stake in Determine Inc (NASDAQ:DTRM) by 103.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,455,220 shares of the technology company’s stock after purchasing an additional 739,000 shares during the quarter. AWM Investment Company Inc. owned about 9.96% of Determine worth $3,871,000 as of its most recent filing with the SEC. 17.63% of the stock is 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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