Selectica Inc. (DTRM) Stock Rating Lowered by Zacks Investment Research
Selectica Inc. (NASDAQ:DTRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Determine, Inc. offers contract management, supply management and configuration solutions. The Company offers SmartContracts, SmartSource and SmartAnalytics. SmartContracts, a solution that streamlines contract processes from request, authoring, negotiation, approval and e-signature through ongoing obligations management, analysis, reporting and renewals; SmartSource, an enterprise scale solution to support the processes of supplier on-boarding, supplier selection and on-going supplier management; Selectica Configuration Solution, which enables enterprise organizations to create valid product and service combinations. It operates primarily in the United States, Canada, India, New Zealand, Switzerland, Germany, Hong Kong, Ireland, Norway and the United Kingdom. Determine, Inc., formerly known as Selectica, Inc., is headquartered in San Mateo, California. “
Separately, Needham & Company LLC restated a “buy” rating and set a $7.00 target price on shares of Selectica in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.58.
Selectica (NASDAQ:DTRM) opened at 1.90 on Monday. Selectica has a 1-year low of $0.82 and a 1-year high of $5.79. The firm has a 50-day moving average of $1.79 and a 200-day moving average of $1.59. The stock’s market capitalization is $21.68 million.
Selectica (NASDAQ:DTRM) last issued its earnings results on Wednesday, August 10th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Selectica had a negative net margin of 50.63% and a negative return on equity of 67.81%. The company had revenue of $6.50 million for the quarter, compared to analyst estimates of $6.75 million. Selectica’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Selectica will post ($0.34) EPS for the current year.
In other Selectica news, major shareholder Lloyd I. Miller III purchased 25,000 shares of the stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average cost of $1.74 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the insider now directly owns 30,780 shares of the company’s stock, valued at $53,557.20. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Lloyd I. Miller III purchased 45,799 shares of the stock in a transaction dated Thursday, July 14th. The stock was acquired at an average price of $1.65 per share, for a total transaction of $75,568.35. Following the completion of the transaction, the insider now directly owns 30,780 shares of the company’s stock, valued at $50,787. The disclosure for this purchase can be found here. 6.97% of the stock is currently owned by insiders.
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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