Determine, Inc. (DTRM) Posts Earnings Results, Misses Estimates By $0.02 EPS
Determine, Inc. (NASDAQ:DTRM) announced its quarterly earnings results on Thursday. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.02, Morningstar.com reports. Determine had a negative net margin of 32.97% and a negative return on equity of 115.49%. The company had revenue of $6.99 million during the quarter, compared to analysts’ expectations of $7 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year.
Determine (NASDAQ DTRM) opened at 1.70 on Tuesday. The stock’s market capitalization is $21.10 million. Determine has a one year low of $1.50 and a one year high of $3.93. The stock has a 50 day moving average price of $2.27 and a 200-day moving average price of $2.95.
A hedge fund recently raised its stake in Determine stock. Renaissance Technologies LLC increased its position in Determine, Inc. (NASDAQ:DTRM) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,314 shares of the technology company’s stock after buying an additional 5,200 shares during the period. Renaissance Technologies LLC owned approximately 0.99% of Determine worth $235,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.52% of the company’s stock.
A number of research analysts have recently issued reports on the company. Maxim Group set a $3.00 price target on Determine and gave the company a “buy” rating in a report on Friday. ValuEngine downgraded Determine from a “hold” rating to a “sell” rating in a report on Saturday, July 22nd. Finally, Lake Street Capital lifted their price target on Determine from $3.00 to $5.00 and gave the company a “buy” rating in a report on Monday, April 24th.
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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