Determine, Inc. (NASDAQ:DTRM) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Saturday.

DTRM has been the subject of several other research reports. Lake Street Capital upped their target price on shares of Determine from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Maxim Group reaffirmed a “buy” rating and issued a $6.00 price target (up from $4.50) on shares of Determine in a research note on Friday, June 9th.

Shares of Determine (NASDAQ DTRM) opened at 2.28 on Friday. Determine has a 12 month low of $1.50 and a 12 month high of $3.93. The company has a 50-day moving average of $2.82 and a 200-day moving average of $2.96. The firm’s market cap is $27.59 million.

Determine (NASDAQ:DTRM) last posted its earnings results on Thursday, June 8th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. Determine had a negative net margin of 34.41% and a negative return on equity of 106.24%. The firm had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $6.79 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. Determine’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts forecast that Determine will post ($0.27) EPS for the current fiscal year.

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An institutional investor recently raised its position in Determine stock. Renaissance Technologies LLC increased its position in Determine, Inc. (NASDAQ:DTRM) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,814 shares of the technology company’s stock after buying an additional 29,500 shares during the period. Renaissance Technologies LLC’s holdings in Determine were worth $509,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 23.76% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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