Selectica Inc. (NASDAQ:DTRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 target price on shares of Selectica in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.58.

Selectica (NASDAQ:DTRM) traded down 0.52% during midday trading on Monday, hitting $1.93. The stock had a trading volume of 16,248 shares. Selectica has a 1-year low of $0.82 and a 1-year high of $5.79. The stock’s market cap is $22.02 million. The company has a 50-day moving average of $1.78 and a 200-day moving average of $1.60.

Selectica (NASDAQ:DTRM) last posted its earnings results on Wednesday, August 10th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. Selectica had a negative return on equity of 67.81% and a negative net margin of 50.63%. The company had revenue of $6.50 million for the quarter, compared to the consensus estimate of $6.75 million. The company’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts forecast that Selectica will post ($0.34) EPS for the current year.

In related news, major shareholder Lloyd I. Miller III purchased 18,746 shares of Selectica stock in a transaction that occurred on Thursday, July 21st. The shares were acquired at an average price of $1.74 per share, with a total value of $32,618.04. Following the completion of the transaction, the insider now directly owns 30,780 shares of the company’s stock, valued at approximately $53,557.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lloyd I. Miller III purchased 25,000 shares of Selectica stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average cost of $1.74 per share, for a total transaction of $43,500.00. Following the transaction, the insider now directly owns 30,780 shares of the company’s stock, valued at $53,557.20. The disclosure for this purchase can be found here. Corporate insiders own 6.97% of the company’s stock.

Selectica 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.

5 Day Chart for NASDAQ:DTRM

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