Shares of Selectica Inc. (NASDAQ:DTRM) have received an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.
Brokers have set a 1 year consensus price target of $4.50 for the company and are predicting that the company will post ($0.22) EPS for the current quarter, according to Zacks. Zacks has also given Selectica an industry rank of 76 out of 265 based on the ratings given to its competitors.
DTRM has been the subject of several analyst reports. Zacks Investment Research cut shares of Selectica from a “hold” rating to a “sell” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Selectica in a research report on Friday, June 17th.
In other news, major shareholder Lloyd I. Miller III acquired 25,000 shares of Selectica stock in a transaction that occurred on Wednesday, July 20th. The shares were acquired at an average price of $1.74 per share, with a total value of $43,500.00. Following the purchase, the insider now directly owns 30,780 shares of the company’s stock, valued at $53,557.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lloyd I. Miller III acquired 18,746 shares of Selectica stock in a transaction that occurred on Thursday, July 21st. The shares were purchased at an average cost of $1.74 per share, for a total transaction of $32,618.04. Following the purchase, the insider now directly owns 30,780 shares in the company, valued at $53,557.20. The disclosure for this purchase can be found here. Corporate insiders own 6.97% of the company’s stock.
Selectica (NASDAQ:DTRM) opened at 1.90 on Friday. 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 firm’s market cap is $21.68 million.
Selectica (NASDAQ:DTRM) last issued its quarterly earnings results on Wednesday, August 10th. The company reported ($0.11) EPS 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 earned $6.50 million during the quarter, compared to analysts’ expectations of $6.75 million. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Selectica will post ($0.34) earnings per share for the current fiscal year.
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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