Determine (NASDAQ:DTRM) was downgraded by stock analysts at Maxim Group from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They currently have a $1.00 price target on the technology company’s stock. Maxim Group’s price target would suggest a potential downside of 34.64% from the company’s current price.

Several other analysts have also issued reports on DTRM. B. Riley initiated coverage on shares of Determine in a research note on Monday, October 16th. They issued a “buy” rating and a $3.50 target price for the company. ValuEngine lowered shares of Determine from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Determine from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Shares of Determine (NASDAQ DTRM) opened at $1.53 on Monday. Determine has a one year low of $1.53 and a one year high of $3.93. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.84. The stock has a market cap of $25.92, a price-to-earnings ratio of -2.35 and a beta of 1.49.

Determine (NASDAQ:DTRM) last posted its earnings results on Thursday, February 8th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Determine had a negative net margin of 30.59% and a negative return on equity of 84.76%. The firm had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.00 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue was up 8.7% compared to the same quarter last year. research analysts expect that Determine will post -0.55 earnings per share for the current year.

In related news, major shareholder Lloyd I. Miller III sold 25,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $1.69, for a total transaction of $42,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Lloyd I. Miller III sold 62,000 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $1.73, for a total transaction of $107,260.00. Following the transaction, the insider now owns 250,820 shares of the company’s stock, valued at approximately $433,918.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,000 shares of company stock valued at $248,610. 9.96% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DTRM. AWM Investment Company Inc. grew its position in Determine by 103.2% during the second quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock valued at $3,871,000 after buying an additional 739,000 shares during the period. Cornerstone Capital Inc. bought a new position in Determine during the fourth quarter valued at about $144,000. Finally, Susquehanna International Group LLP bought a new position in Determine during the second quarter valued at about $203,000. Institutional investors own 17.46% of the company’s stock.

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About Determine

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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