RingCentral (NYSE:RNG) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of RingCentral (NYSE:RNG) in a report published on Friday morning,Benzinga reports. They currently have a $50.00 price objective on the software maker’s stock.

RNG has been the topic of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of RingCentral in a report on Friday, July 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $50.00 price target on shares of RingCentral in a research report on Friday, May 8th. Wells Fargo & Company upped their price target on shares of RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Piper Sandler raised their price objective on shares of RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on shares of RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.40.

RingCentral Price Performance

RNG opened at $48.33 on Friday. The business has a 50 day simple moving average of $40.41 and a two-hundred day simple moving average of $36.78. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 1.14 and a beta of 1.14. RingCentral has a one year low of $23.59 and a one year high of $50.14.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. RingCentral had a negative return on equity of 34.98% and a net margin of 4.27%.The business had revenue of $657.01 million during the quarter, compared to analyst estimates of $650.53 million. During the same quarter last year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, sell-side analysts expect that RingCentral will post 2.78 EPS for the current fiscal year.

RingCentral Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.125 dividend. This is an increase from RingCentral’s previous quarterly dividend of $0.07. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 6th. RingCentral’s payout ratio is currently 31.91%.

Insider Buying and Selling

In other news, COO Kira Makagon sold 16,988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $42.54, for a total transaction of $722,669.52. Following the transaction, the chief operating officer directly owned 212,724 shares of the company’s stock, valued at approximately $9,049,278.96. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tarun Arora sold 3,615 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $43.00, for a total value of $155,445.00. Following the transaction, the chief accounting officer directly owned 68,100 shares in the company, valued at $2,928,300. The trade was a 5.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 44,498 shares of company stock worth $1,892,586 over the last ninety days. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On RingCentral

Several hedge funds have recently modified their holdings of the company. WealthCollab LLC increased its position in shares of RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after buying an additional 259 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in RingCentral by 127.3% in the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock valued at $27,000 after buying an additional 410 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of RingCentral by 269.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock valued at $29,000 after buying an additional 738 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of RingCentral by 70.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after acquiring an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in RingCentral in the third quarter valued at approximately $30,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

RingCentral News Summary

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q2 EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected, showing a solid beat on both the top and bottom lines. RingCentral Q2 Earnings Report
• Positive Sentiment: The company raised Q3 2026 guidance to EPS of $1.25-$1.30 and revenue of $664 million-$670 million, both above consensus, and lifted FY 2026 EPS guidance to $4.96-$5.10. RingCentral Financial Results
• Positive Sentiment: Management and recent commentary point to stronger subscription growth, higher margins, and expanding AI adoption, which are supporting the improved growth outlook. Zacks Q2 Earnings Article
• Positive Sentiment: RingCentral also announced a 66.7% increase in its quarterly dividend to $0.125 per share, signaling confidence in cash generation and capital returns. Insider Monkey Article
• Neutral Sentiment: Mizuho raised its price target to $40 but kept a neutral rating, which is below the current trading level and suggests some caution on valuation. Mizuho Price Target Update
• Neutral Sentiment: Rosenblatt reaffirmed a buy rating with a $50 target, broadly reinforcing the positive post-earnings sentiment. Rosenblatt Rating Update

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.