NASDAQ:RMNI Rimini Street (RMNI) Stock Forecast, Price & News $4.34 -0.14 (-3.13%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$4.30▼$4.5450-Day Range$3.46▼$4.6052-Week Range$3.46▼$7.25Volume148,917 shsAverage Volume300,528 shsMarket Capitalization$385.87 millionP/E Ratio13.18Dividend YieldN/APrice Target$7.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Rimini Street MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside61.3% Upside$7.00 Price TargetShort InterestBearish5.87% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.27Based on 8 Articles This WeekInsider TradingSelling Shares$129,388 Sold Last QuarterProj. Earnings Growth19.44%From $0.36 to $0.43 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.15 out of 5 starsComputer And Technology Sector270th out of 600 stocksBusiness Services, Not Elsewhere Classified Industry49th out of 89 stocks 2.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $7.00, Rimini Street has a forecasted upside of 61.3% from its current price of $4.34.Amount of Analyst CoverageRimini Street has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted5.87% of the float of Rimini Street has been sold short.Short Interest Ratio / Days to CoverRimini Street has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.Change versus previous monthShort interest in Rimini Street has recently increased by 19.92%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldRimini Street does not currently pay a dividend.Dividend GrowthRimini Street does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RMNI. Previous Next 2.9 News and Social Media Coverage News SentimentRimini Street has a news sentiment score of 0.27. 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 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Rimini Street this week, compared to 2 articles on an average week.Search Interest2 people have searched for RMNI on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Rimini Street to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn 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 $129,388.00 in company stock.Percentage Held by Insiders44.51% 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 Institutions71.51% of the stock of Rimini Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Rimini Street are expected to grow by 19.44% in the coming year, from $0.36 to $0.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rimini Street is 13.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Rimini Street is 13.18, 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 322.49. Previous Next See Top Rated MarketRank™ Stocks Here About Rimini Street (NASDAQ:RMNI) StockRimini Street, Inc. engages in the provision of enterprise software support products and services. It offers global tax, legal, and regulatory update, security support, proactive support, advanced technology, license advisory and onboarding and archiving services. The company was founded by Seth A. Ravin and Thomas C. Shay on September 8, 2005 and is headquartered in Las Vegas, NV.Read More Receive RMNI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rimini Street and its competitors with MarketBeat's FREE daily newsletter. Email Address RMNI Stock News HeadlinesJune 9, 2023 | americanbankingnews.comInsider Selling: Rimini Street, Inc. (NASDAQ:RMNI) CEO Sells $90,881.52 in StockJune 8, 2023 | msn.comRimini Street’s Street Smart and Street Light Executive Series Strives to Bring Together Thousands of Global CXOs, IT and Finance Leaders into a Unique Community of Peer ...June 9, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 7, 2023 | finance.yahoo.comRimini Street’s Street Smart and Street Light Executive Series Strives to Bring Together Thousands of Global CXOs, IT and Finance Leaders into a Unique Community of Peer Learning, Networking and Sharing of IdeasJune 6, 2023 | msn.comHCX technology partners chooses Rimini Support for its 60,000 Oracle PeopleSoft licensesMay 31, 2023 | finance.yahoo.comRimini Street Announces the 2023 RMNI LOVE™ $50,000 Grant Program WinnersMay 30, 2023 | americanbankingnews.comShort Interest in Rimini Street, Inc. (NASDAQ:RMNI) Increases By 19.9%May 24, 2023 | finance.yahoo.comHCX Technology Partners Chooses Rimini Support™ for its 60,000 Oracle PeopleSoft LicensesJune 9, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 18, 2023 | finance.yahoo.comRimini Street Korea is Again Named a Great Place to Work®May 12, 2023 | msn.comRimini Street Honored by Clients and Industry with Multiple Service and Leadership Awards in Recognition of its Commitment to Delivering “Extraordinary”May 11, 2023 | finance.yahoo.comRimini Street Honored by Clients and Industry with Multiple Service and Leadership Awards in Recognition of its Commitment to Delivering "Extraordinary"May 8, 2023 | entrepreneur.com3 Software Stocks Better Than SalesforceMay 3, 2023 | msn.comRimini Street (RMNI) Surpasses Q1 Earnings and Revenue EstimatesMay 3, 2023 | msn.comRecap: Rimini Street Q1 EarningsMay 3, 2023 | finance.yahoo.comRimini Street Announces Fiscal First Quarter 2023 Financial and Operating ResultsMay 2, 2023 | americanbankingnews.comRimini Street (RMNI) to Release Quarterly Earnings on WednesdayApril 30, 2023 | americanbankingnews.comRimini Street (NASDAQ:RMNI) & OptimizeRx (NASDAQ:OPRX) Head-To-Head AnalysisApril 26, 2023 | finance.yahoo.comRimini Street Celebrates Its Commitment to Quality and Information Security Processes and 10 Years of Flawless ISO-27001 and ISO-9001 AuditsApril 20, 2023 | finance.yahoo.comRimini Street Announces Upcoming Spring 2023 Investor Conference ScheduleApril 18, 2023 | finance.yahoo.comRimini Street to Report First Quarter 2023 Financial Results on May 3, 2023April 13, 2023 | americanbankingnews.comRimini Street, Inc. (NASDAQ:RMNI) CFO Sells $13,504.53 in StockApril 4, 2023 | markets.businessinsider.comCraig-Hallum Reaffirms Their Buy Rating on Rimini Street (RMNI)April 4, 2023 | finance.yahoo.comRimini Street Expands Scope of Rimini Support™ for Daekyo to Include Both Oracle and SAP Products Based on Proven Business Impact and OutcomesMarch 28, 2023 | finance.yahoo.comGE Lighting, a Savant Company, Switches from SAP ChaRM to Rimini Watch™ for Change Management, Achieves Operational Efficiency and Uses Savings to Fund Innovation ProjectsMarch 22, 2023 | finance.yahoo.comRimini Street Formally Launches Rimini ONE™, an End-to-End Outsourcing Solution for Enterprise Applications, Databases and Technology SoftwareMarch 15, 2023 | finance.yahoo.comRimini Street Earns 2023 Top Workplaces USA Award from EnergageSee More Headlines RMNI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RMNI Company Calendar Last Earnings5/03/2023Today6/09/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Business services, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:RMNI CUSIPN/A CIK1635282 Webwww.riministreet.com Phone(702) 839-9671FaxN/AEmployees1,920Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.00 High Stock Price Forecast$7.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+61.3%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio13.18 Forward P/E Ratio12.06 P/E GrowthN/ANet Income$-2,480,000.00 Net Margins0.02% Pretax Margin2.00% Return on Equity-40.84% Return on Assets8.26% Debt Debt-to-Equity RatioN/A Current Ratio0.79 Quick Ratio0.79 Sales & Book Value Annual Sales$409.66 million Price / Sales0.94 Cash Flow$0.41 per share Price / Cash Flow10.59 Book Value($0.87) per share Price / Book-4.99Miscellaneous Outstanding Shares88,910,000Free Float49,338,000Market Cap$385.87 million OptionableNot Optionable Beta0.91 Key ExecutivesSeth A. RavinChairman, President & Chief Executive OfficerKristen CardinalliChief of Staff & Vice President-OperationsMichael L. PericaChief Financial Officer & Executive Vice PresidentSteven SalaetsChief Information Officer & Executive VPEric HelmerChief Technology Officer & Senior Vice PresidentKey CompetitorsGravityNASDAQ:GRVYQuinStreetNASDAQ:QNSTOptimizeRxNASDAQ:OPRXCass Information SystemsNASDAQ:CASSDHI GroupNYSE:DHXView All CompetitorsInsiders & InstitutionsMichael L PericaSold 5,556 sharesTotal: $25,002.00 ($4.50/share)Seth A RavinSold 21,234 sharesTotal: $90,881.52 ($4.28/share)Prelude Capital Management LLCSold 9,861 shares on 6/1/2023Ownership: 0.016%JPMorgan Chase & Co.Sold 42,951 shares on 5/18/2023Ownership: 0.043%New York State Common Retirement FundSold 20,200 shares on 5/18/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions RMNI Stock - Frequently Asked Questions What is Rimini Street's stock price forecast for 2023? 0 equities research analysts have issued 1-year target prices for Rimini Street's stock. Their RMNI share price forecasts range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 61.3% 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 2023? Rimini Street's stock was trading at $3.81 on January 1st, 2023. Since then, RMNI stock has increased by 13.9% and is now trading at $4.34. View the best growth stocks for 2023 here. Are investors shorting Rimini Street? Rimini Street saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,010,000 shares, an increase of 19.9% from the April 30th total of 2,510,000 shares. Based on an average daily trading volume, of 290,200 shares, the days-to-cover ratio is currently 10.4 days. Approximately 5.9% of the shares of the stock are short sold. View Rimini Street's Short Interest. When is Rimini Street's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our RMNI earnings forecast. How were Rimini Street's earnings last quarter? Rimini Street, Inc. (NASDAQ:RMNI) announced its earnings results on Wednesday, May, 3rd. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The firm had revenue of $105.51 million for the quarter, compared to analysts' expectations of $101.34 million. Rimini Street had a negative trailing twelve-month return on equity of 40.84% and a net margin of 0.02%. What ETFs hold Rimini Street's stock? ETFs with the largest weight of Rimini Street (NASDAQ:RMNI) stock in their portfolio include Ballast Small/Mid Cap ETF (MGMT) and Hartford Multifactor Small Cap ETF (ROSC).IQ Chaikin U.S. Small Cap ETF (CSML). What guidance has Rimini Street issued on next quarter's earnings? Rimini Street issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $105.00 million-$107.00 million, compared to the consensus revenue estimate of $104.93 million. 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 CA (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). What is Rimini Street's stock symbol? Rimini Street trades on the NASDAQ under the ticker symbol "RMNI." Who are Rimini Street's major shareholders? Rimini Street's stock is owned by many different institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.72%), BlackRock Inc. (3.61%), Voss Capital LLC (2.61%), Brooktree Capital Management (1.89%), Avalon Investment & Advisory (1.37%) and Geode Capital Management LLC (1.18%). 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, Stanley Mbugua 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Rimini Street's stock price today? One share of RMNI stock can currently be purchased for approximately $4.34. How much money does Rimini Street make? Rimini Street (NASDAQ:RMNI) has a market capitalization of $385.87 million and generates $409.66 million in revenue each year. How many employees does Rimini Street have? The company employs 1,920 workers across the globe. How can I contact Rimini Street? Rimini Street's mailing address is 3993 HOWARD HUGHES PARKWAY SUITE 500, LAS VEGAS NV, 89169. The official website for the company is www.riministreet.com. The company can be reached via phone at (702) 839-9671 or via email at ir@riministreet.com. This page (NASDAQ:RMNI) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Rimini Street, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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