Somewhat Favorable News Coverage Somewhat Unlikely to Affect Determine (DTRM) Stock Price
Media stories about Determine (NASDAQ:DTRM) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Determine earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.5411516213428 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Patrick Stakenas Purchases 16,000 Shares of Determine, Inc. (DTRM) Stock (americanbankingnews.com)
- John K. Nolan Buys 10,000 Shares of Determine, Inc. (DTRM) Stock (americanbankingnews.com)
- Determine : Recognized in Multiple Categories in the Gartner Hype Cycle for Procurement and Sourcing Solutions, 2017 (4-traders.com)
- Determine Recognized in Multiple Categories in Gartner Hype Cycle for Procurement and Sourcing Solutions, 2017 (finance.yahoo.com)
- Determine, Inc. (NASDAQ:DTRM) Given a $3.00 Price Target at Maxim Group (americanbankingnews.com)
A number of research analysts have weighed in on the company. Maxim Group set a $3.00 price target on Determine and gave the company a “buy” rating in a research note on Friday, August 11th. ValuEngine raised Determine from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Lake Street Capital raised their price objective on Determine from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, April 24th.
Determine (NASDAQ:DTRM) traded up 10.23% during mid-day trading on Friday, hitting $1.94. The stock had a trading volume of 12,273 shares. Determine has a 1-year low of $1.50 and a 1-year high of $3.93. The firm’s 50-day moving average price is $2.17 and its 200-day moving average price is $2.93. The stock’s market cap is $28.34 million.
Determine (NASDAQ:DTRM) last released its earnings results on Thursday, June 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.07. The company had revenue of $7.50 million during the quarter, compared to analyst estimates of $6.79 million. Determine had a negative return on equity of 100.02% and a negative net margin of 32.97%. Determine’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) earnings per share. On average, equities analysts expect that Determine will post ($0.34) earnings per share for the current year.
In other news, CEO Patrick Stakenas acquired 16,000 shares of Determine stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $1.75 per share, with a total value of $28,000.00. Following the completion of the acquisition, the chief executive officer now owns 879,009 shares in the company, valued at $1,538,265.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have acquired 29,500 shares of company stock valued at $49,915. 9.96% of the stock is owned by corporate insiders.
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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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