Rimini Street (NASDAQ:RMNI) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Rimini Street to “strong-buy” from “buy.” However, analyst sentiment remains mixed, with three Buy and three Hold ratings producing a “Moderate Buy” consensus and an average price target of $6.33.
• Rimini Street reported quarterly EPS of $0.12, ahead of the $0.09 consensus, while revenue reached $109.34 million, slightly below expectations. Analysts forecast full-year EPS of $0.22.
• The stock opened at $4.96, near its 52-week high of $5.68, while institutional investors own 73.75% of shares; company insiders have recently sold stock, including 327,591 shares during the last quarter.

Rimini Street (NASDAQ:RMNI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Rimini Street in a research note on Friday, October 2nd. Craig Hallum reaffirmed a "buy" rating and set a $8.00 price objective on shares of Rimini Street in a research note on Friday, July 31st. Zacks Research upgraded shares of Rimini Street from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Finally, Roth Capital restated a "buy" rating and set a $6.50 target price on shares of Rimini Street in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $6.33.

Rimini Street Stock Performance

Rimini Street stock opened at $4.96 on Friday. The business's 50-day simple moving average is $4.48 and its two-hundred day simple moving average is $4.04. The company has a market cap of $463.07 million, a PE ratio of 21.00 and a beta of 1.31. Rimini Street has a fifty-two week low of $2.87 and a fifty-two week high of $5.68.

Rimini Street (NASDAQ:RMNI - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Rimini Street had a negative return on equity of 81.86% and a net margin of 2.51%. The firm had revenue of $109.34 million during the quarter, compared to analysts' expectations of $110.82 million. As a group, analysts predict that Rimini Street will post 0.22 EPS for the current fiscal year.

Insider Transactions at Rimini Street

In other Rimini Street news, CEO Seth Ravin sold 89,639 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $5.02, for a total value of $449,987.78. Following the sale, the chief executive officer directly owned 10,168,602 shares of the company's stock, valued at approximately $51,046,382.04. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 327,591 shares of company stock worth $1,677,747. 42.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rimini Street

Large investors have recently bought and sold shares of the business. Conifer Management L.L.C. bought a new position in shares of Rimini Street in the second quarter worth $25,190,228. BlackRock Inc. acquired a new stake in Rimini Street in the second quarter worth approximately $15,729,000. Bard Associates Inc. acquired a new stake in Rimini Street in the second quarter worth approximately $1,094,000. Bank of New York Mellon Corp bought a new position in Rimini Street during the 2nd quarter valued at $975,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Rimini Street during the 2nd quarter valued at $957,000. Hedge funds and other institutional investors own 73.75% of the company's stock.

Rimini Street News Roundup

Here are the key news stories impacting Rimini Street this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. Rimini Street reported third-quarter EPS of $0.12, above the $0.09-$0.10 analyst consensus and up from $0.08 a year earlier. Rimini Street Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Revenue growth and record sales supported the bullish reaction. The company reported third-quarter revenue of approximately $112.1 million, with coverage describing the result as a revenue-estimate beat and continued growth. Rimini Street reports third quarter 2026 revenue
• Positive Sentiment: Management provided a favorable near-term outlook. Rimini Street expects fourth-quarter 2026 revenue of $117 million to $119 million and reiterated its fiscal 2026 “Rule of 20” guidance, signaling confidence in balancing growth and profitability. Rimini Street Q4 revenue outlook and Rule of 20 guidance
• Neutral Sentiment: Profitability remains a consideration. Although EPS beat estimates, reported net margin was only 1.69% and return on equity remained negative, so investors may continue to focus on margin expansion and the sustainability of earnings growth. Rimini Street fiscal third-quarter financial and operating results

About Rimini Street

Rimini Street, Inc provides enterprise software support, products and services for organizations using business applications and database systems. The company is best known for third-party support for software from Oracle, SAP and other enterprise technology providers, helping customers maintain existing systems while reducing the need for frequent upgrades.

Its offerings include application management, database support, interoperability services, security services, managed services and professional services.

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