Rimini Street (RMNI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" RMNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RMNI, but not buy additional shares or sell existing shares.
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Rimini Street's stock was trading at $3.81 at the beginning of the year. Since then, RMNI stock has decreased by 42.8% and is now trading at $2.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Rimini Street, Inc. (NASDAQ:RMNI) issued its earnings results on Wednesday, August, 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $106.42 million for the quarter, compared to analysts' expectations of $105.20 million. Rimini Street had a net margin of 1.00% and a negative trailing twelve-month return on equity of 45.28%.

Ballast Small/Mid Cap ETF holds 388,201 shares of RMNI stock, representing 1.20% of its portfolio.

Rimini Street issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $105.50 million-$107.50 million, compared to the consensus revenue estimate of $106.16 million.

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).

Rimini Street trades on the NASDAQ under the ticker symbol "RMNI."

Rimini Street's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (4.57%), BlackRock Inc. (3.86%), Geode Capital Management LLC (1.23%), Dimensional Fund Advisors LP (1.18%), Acadian Asset Management LLC (1.17%) and State Street Corp (1.05%). 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.
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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.
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One share of RMNI stock can currently be purchased for approximately $2.18.

Rimini Street (NASDAQ:RMNI) has a market capitalization of $194.22 million and generates $409.66 million in revenue each year. The company earns $-2,480,000.00 in net income (profit) each year or $0.05 on an earnings per share basis.

The company employs 1,920 workers across the globe.

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.