Should I buy or sell Rimini Street stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RMNI shares. View RMNI analyst ratings or view top-rated stocks .

What is Rimini Street's stock price target for 2024?

2 brokerages have issued 1-year price targets for Rimini Street's shares. Their RMNI share price targets range from $4.50 to $4.50. On average, they predict the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 76.5% from the stock's current price. View analysts price targets for RMNI or view top-rated stocks among Wall Street analysts .

How have RMNI shares performed in 2024?

Rimini Street's stock was trading at $3.27 on January 1st, 2024. Since then, RMNI stock has decreased by 22.0% and is now trading at $2.55. View the best growth stocks for 2024 here .

When is Rimini Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our RMNI earnings forecast .

How were Rimini Street's earnings last quarter?

Rimini Street, Inc. (NASDAQ:RMNI) issued its quarterly earnings data on Wednesday, February, 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The business earned $112.11 million during the quarter, compared to analyst estimates of $105.95 million. Rimini Street had a net margin of 5.02% and a negative trailing twelve-month return on equity of 61.55%.

What ETF holds Rimini Street's stock?

Ballast Small/Mid Cap ETF holds 748,080 shares of RMNI stock, representing 1.51% of its portfolio.

What other stocks do shareholders of Rimini Street own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rimini Street investors own include Xtrackers California Municipal Bond ETF (CA) , BlackRock (BLK) , Endologix (ELGX) , Chipotle Mexican Grill (CMG) , Aegean Marine Petroleum Network (ANW) , Vista Outdoor (VSTO) , AutoZone (AZO) , NanoString Technologies (NSTG) , Precision Drilling (PD) and Designer Brands (DBI) .

Who are Rimini Street's major shareholders?

Rimini Street's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.23%), BNP Paribas Financial Markets (0.11%), Banque Cantonale Vaudoise (0.03%) and Mirae Asset Global Investments Co. Ltd. (0.02%). Insiders that own company stock include Brian Slepko , Daniel B Winslow , David W Rowe , Gerard Brossard , Gpiac, Llc, Kevin Maddock, Michael L Perica , Nancy Lyskawa, Sebastian Grady , Seth A Ravin and Steven Salaets . View institutional ownership trends .

How do I buy shares of Rimini Street?

Shares of RMNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:RMNI

Rimini Street (RMNI) Stock Price, News & Analysis

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Free RMNI Stock Alerts

$2.55

-0.06 (-2.30%)

(As of 05/3/2024 ET)

Compare

Today's Range: $2.43
▼
$2.64
50-Day Range: $2.55
▼
$3.36
52-Week Range: $2.01
▼
$5.32

Volume: 521,404 shs
Average Volume: 257,385 shs
Market Capitalization: $230.49 million

P/E Ratio: 10.63
Dividend Yield: N/A
Price Target: $4.50

Get Rimini Street alerts:

Rimini Street MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 76.5% Upside
$4.50 Price Target
Short Interest: Bearish
8.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.20
Based on 11 Articles This Week
Insider Trading: Selling Shares
$450,113 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.45 out of 5 stars

Computer And Technology Sector

3139th out of 3,570 stocks

Business Services, Not Elsewhere Classified Industry

487th out of 534 stocks

3.3

Analyst's Opinion

Consensus Rating
Rimini Street has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Rimini Street has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.44% of the float of Rimini Street has been sold short.
Short Interest Ratio / Days to Cover
Rimini Street has a short interest ratio ("days to cover") of 15.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Rimini Street has recently decreased by 2.78%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Rimini Street does not currently pay a dividend.
Dividend Growth
Rimini Street does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RMNI.

1.6

News and Social Media Coverage

News Sentiment
Rimini Street has a news sentiment score of -0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Rimini Street this week, compared to 2 articles on an average week.
Search Interest
Only 4 people have searched for RMNI on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
3 people have added Rimini Street to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rimini Street insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $450,113.00 in company stock.
Percentage Held by Insiders
41.32% of the stock of Rimini Street is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
73.75% of the stock of Rimini Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Rimini Street is 10.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rimini Street is 10.63, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.18.

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About Rimini Street Stock (NASDAQ:RMNI)

Rimini Street, Inc. provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems. In addition, the company offers Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was incorporated in 2005 and is headquartered in Las Vegas, Nevada.

RMNI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RMNI Stock News Headlines

April 9, 2024 | insidertrades.com

Rimini Street, Inc. (NASDAQ:RMNI) EVP David W. Rowe Sells 10,888 Shares

April 9, 2024 | insidertrades.com

Seth A. Ravin Sells 82,071 Shares of Rimini Street, Inc. (NASDAQ:RMNI) Stock

May 4, 2024 | Stansberry Research (Ad)

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May 3, 2024 | investing.com

Rimini Street Inc (RMNI)

May 3, 2024 | finance.yahoo.com

Rimini Street Inc (RMNI) Q1 2024 Earnings Call Transcript Highlights: Navigating Challenges and ...

May 3, 2024 | finance.yahoo.com

Rimini Street First Quarter 2024 Earnings: EPS Misses Expectations

May 2, 2024 | msn.com

RMNI Stock Earnings: Rimini Street Misses EPS, Beats Revenue for Q1 2024

May 2, 2024 | finance.yahoo.com

Rimini Street Inc (RMNI) Q1 2024 Earnings: Narrowly Misses EPS Estimates, Reveals Modest ...

May 4, 2024 | Stansberry Research (Ad)

Gold Mania

May 2, 2024 | sfgate.com

Rimini Street: Q1 Earnings Snapshot

May 2, 2024 | finance.yahoo.com

Rimini Street Announces Fiscal First Quarter 2024 Financial and Operating Results

April 28, 2024 | finance.yahoo.com

Institutional investors own a significant stake of 34% in Rimini Street, Inc. (NASDAQ:RMNI)

April 25, 2024 | americanbankingnews.com

Rimini Street (RMNI) Set to Announce Quarterly Earnings on Thursday

April 24, 2024 | businesswire.com

Rimini Street Appoints Steve Hershkowitz as Chief Revenue Officer

April 18, 2024 | businesswire.com

Rimini Street Honored with Two Prestigious Stevie® 2024 Awards in the Category of Customer Service

April 13, 2024 | investorplace.com

3 Must-Own Stocks to Buy for Under $5 Before They Blast Off

April 12, 2024 | investing.com

Rimini Street CFO sells over $9,000 in company stock

April 10, 2024 | finance.yahoo.com

Rimini Street Appoints Martyn Hoogakker as GVP & General Manager for EMEA Region

April 10, 2024 | businesswire.com

Rimini Street Appoints Martyn Hoogakker as GVP & General Manager for EMEA Region

April 10, 2024 | investing.com

Rimini Street CEO sells over $244k in company stock

April 9, 2024 | investorplace.com

Looking for the Next Google? Buy These 7 Tech Penny Stocks

April 3, 2024 | businesswire.com

Rimini Street to Report First Quarter 2024 Financial Results on May 2, 2024

March 26, 2024 | insidermonkey.com

5 Best Affordable Tech Stocks To Buy According to Analysts

March 22, 2024 | msn.com

New Oracle Database Survey Shows Customers Satisfied With Current Releases But Concerned With Cost, Effort, And Upgrades...

March 21, 2024 | businesswire.com

New Oracle Database Survey Shows Customers Satisfied with Current Releases but Concerned with Cost, Effort, and Upgrades Required to Maintain and Support

March 12, 2024 | stocknews.com

4 Software Stock Buys for Stability and Value

March 5, 2024 | seekingalpha.com

Rimini Street, Inc. (RMNI) Q4 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 5/04/2024
Next Earnings (Estimated): 8/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:RMNI
CUSIP: N/A
CIK: 1635282
Web: www.riministreet.com
Phone: (702) 839-9671
Fax: N/A
Employees: 2,120
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.50
High Stock Price Target: $4.50
Low Stock Price Target: $4.50
Potential Upside/Downside: +76.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.24
Trailing P/E Ratio: 10.63
Forward P/E Ratio: 7.29
P/E Growth: N/A
Net Income: $26.06 million
Net Margins: 5.02%
Pretax Margin: 9.56%
Return on Equity: -61.55%
Return on Assets: 8.65%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $431.50 million
Price / Sales: 0.53
Cash Flow: $0.48 per share
Price / Cash Flow: 5.28
Book Value: ($0.44) per share
Price / Book: -5.80

Miscellaneous

Outstanding Shares: 90,390,000
Free Float: 53,041,000
Market Cap: $230.49 million
Optionable: Optionable
Beta: 1.27

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Key Executives

Mr. Seth A. Ravin (Age 57)
Founder, Chairman, CEO & President
Comp: $1.2M
Mr. Michael L. Perica
Executive VP, CFO & Principal Accounting Officer
Mr. Kevin Maddock (Age 58)
Executive VP of Sales Renewals Global & Chief Recurring Revenue Officer
Comp: $587.83k
Ms. Nancy Lyskawa (Age 61)
Executive VP & Chief Client Officer
Comp: $532.13k
Mr. Steven Salaets (Age 45)
Executive Vice President of Special Projects & Office of the CEO
Comp: $521.67k
Ms. Alisa De Dominicis
Vice President of Global Operations, Legal, Ethics & Compliance
Mr. Eric Helmer
Senior VP & CTO
Ms. Gertrude G. Van Horn
Executive VP & Chief Information Officer
Mr. Dean Pohl
Vice President of Investor Relations
Mr. Michael Spencer
GVP, Chief Counsel and Chief Ethics & Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RMNI Stock Analysis - Frequently Asked Questions

Should I buy or sell Rimini Street stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RMNI shares.
View RMNI analyst ratings or view top-rated stocks.
What is Rimini Street's stock price target for 2024?: 2 brokerages have issued 1-year price targets for Rimini Street's shares. Their RMNI share price targets range from $4.50 to $4.50. On average, they predict the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 76.5% from the stock's current price.
View analysts price targets for RMNI or view top-rated stocks among Wall Street analysts.
How have RMNI shares performed in 2024?: Rimini Street's stock was trading at $3.27 on January 1st, 2024. Since then, RMNI stock has decreased by 22.0% and is now trading at $2.55.
View the best growth stocks for 2024 here.
When is Rimini Street's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our RMNI earnings forecast.
How were Rimini Street's earnings last quarter?: Rimini Street, Inc. (NASDAQ:RMNI) issued its quarterly earnings data on Wednesday, February, 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The business earned $112.11 million during the quarter, compared to analyst estimates of $105.95 million. Rimini Street had a net margin of 5.02% and a negative trailing twelve-month return on equity of 61.55%.

What ETF holds Rimini Street's stock?: Ballast Small/Mid Cap ETF holds 748,080 shares of RMNI stock, representing 1.51% of its portfolio.
What other stocks do shareholders of Rimini Street own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Rimini Street investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Vista Outdoor (VSTO), AutoZone (AZO), NanoString Technologies (NSTG), Precision Drilling (PD) and Designer Brands (DBI).
Who are Rimini Street's major shareholders?: Rimini Street's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.23%), BNP Paribas Financial Markets (0.11%), Banque Cantonale Vaudoise (0.03%) and Mirae Asset Global Investments Co. Ltd. (0.02%). Insiders that own company stock include Brian Slepko, Daniel B Winslow, David W Rowe, Gerard Brossard, Gpiac, Llc, Kevin Maddock, Michael L Perica, Nancy Lyskawa, Sebastian Grady, Seth A Ravin and Steven Salaets.
View institutional ownership trends.
How do I buy shares of Rimini Street?: Shares of RMNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RMNI) was last updated on 5/4/2024 by MarketBeat.com Staff

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