Determine (NASDAQ:DTRM) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Determine (NASDAQ:DTRM) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS


Determine (NASDAQ:DTRM) announced its quarterly earnings data on Tuesday, November 13th. The technology company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.07), Bloomberg Earnings reports. The firm had revenue of $5.73 million for the quarter. Determine had a negative return on equity of 401.60% and a negative net margin of 49.28%.

Shares of NASDAQ:DTRM traded up $0.11 on Thursday, reaching $0.60. 613,400 shares of the company were exchanged, compared to its average volume of 69,984. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 7.61. Determine has a 1-year low of $0.28 and a 1-year high of $2.34. The stock has a market cap of $7.44 million, a PE ratio of -1.13 and a beta of 1.76.

An institutional investor recently bought a new position in Determine stock. Northern Trust Corp purchased a new position in shares of Determine Inc (NASDAQ:DTRM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 169,708 shares of the technology company’s stock, valued at approximately $239,000. Northern Trust Corp owned 1.13% of Determine as of its most recent SEC filing. Hedge funds and other institutional investors own 15.11% of the company’s stock.

DTRM has been the subject of a number of analyst reports. B. Riley downgraded shares of Determine from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $2.25 to $1.50 in a research report on Friday, August 10th. Needham & Company LLC cut their price objective on shares of Determine to $3.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Zacks Investment Research upgraded shares of Determine from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Determine from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Determine currently has an average rating of “Hold” and a consensus price target of $1.83.

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Determine Company Profile

Determine, Inc provides software-as-a-service source-to-pay and enterprise contract lifecycle management (ECLM) solutions. The company offers Determine Cloud Platform, an open technology infrastructure for application in strategic sourcing, contract management, e-procurement, invoice management, financial management, supplier management, business applications, ECLM, and analytics.

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Earnings History for Determine (NASDAQ:DTRM)

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