B. Riley reiterated their buy rating on shares of Determine (NASDAQ:DTRM) in a research note issued to investors on Monday. The firm currently has a $3.50 price target on the technology company’s stock.

Several other brokerages have also recently issued reports on DTRM. Maxim Group cut Determine from a buy rating to a hold rating in a report on Friday, November 10th. ValuEngine cut Determine from a sell rating to a strong sell rating in a report on Friday, December 1st.

Shares of Determine (NASDAQ DTRM) opened at $1.57 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.73 and a quick ratio of 0.73. Determine has a twelve month low of $1.55 and a twelve month high of $3.93.

Determine (NASDAQ:DTRM) last issued its earnings results on Thursday, November 9th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The company had revenue of $6.89 million during the quarter, compared to analysts’ expectations of $6.77 million. Determine had a negative return on equity of 88.32% and a negative net margin of 30.72%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.28) EPS. equities analysts anticipate that Determine will post -0.46 EPS for the current fiscal year.

In other news, major shareholder Lloyd I. Miller III sold 25,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $1.73, for a total transaction of $43,250.00. Following the completion of the transaction, the insider now directly owns 250,820 shares in the company, valued at approximately $433,918.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.96% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. grew its holdings in shares of Determine by 103.2% during the 2nd quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 739,000 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Determine during the 2nd quarter worth $203,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Determine by 24.5% during the 1st quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after purchasing an additional 29,500 shares during the period. Institutional investors and hedge funds own 17.63% of the company’s stock.

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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.

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