RingCentral, Inc. (NYSE:RNG) Receives Consensus Rating of “Hold” from Brokerages

Shares of RingCentral, Inc. (NYSE:RNG) have received an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $34.0417.

Several analysts have weighed in on RNG shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of RingCentral in a research note on Monday, December 29th. Zacks Research cut RingCentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Mizuho lifted their price objective on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Rosenblatt Securities increased their target price on RingCentral from $32.00 to $37.50 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Morgan Stanley boosted their price target on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th.

RingCentral Stock Down 2.4%

RingCentral stock opened at $36.26 on Monday. The company’s 50-day moving average price is $28.98 and its two-hundred day moving average price is $29.14. The stock has a market cap of $3.14 billion, a P/E ratio of 75.54, a P/E/G ratio of 1.44 and a beta of 1.14. RingCentral has a twelve month low of $20.58 and a twelve month high of $40.64.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $644.03 million for the quarter, compared to the consensus estimate of $643.52 million. RingCentral had a negative return on equity of 29.05% and a net margin of 1.73%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Equities analysts anticipate that RingCentral will post 1.29 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th.

Insider Activity

In related news, CAO Tarun Arora sold 773 shares of RingCentral stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $34.80, for a total value of $26,900.40. Following the transaction, the chief accounting officer directly owned 96,179 shares of the company’s stock, valued at $3,347,029.20. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Agarwal sold 10,744 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $35.50, for a total value of $381,412.00. Following the sale, the chief financial officer owned 176,621 shares of the company’s stock, valued at $6,270,045.50. The trade was a 5.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 228,283 shares of company stock worth $8,052,235. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC grew its holdings in shares of RingCentral by 98.5% during the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after purchasing an additional 447 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of RingCentral by 269.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after buying an additional 738 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of RingCentral during the third quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in shares of RingCentral by 61.6% during the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after buying an additional 464 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of RingCentral by 198.5% in the 4th quarter. Covestor Ltd now owns 1,594 shares of the software maker’s stock valued at $46,000 after acquiring an additional 1,060 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.