Rimini Street (RMNI) Stock Forecast, Price & News

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our RMNI earnings forecast.

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%.

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).

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.

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 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.
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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 $4.34.

Rimini Street (NASDAQ:RMNI) has a market capitalization of $385.87 million and generates $409.66 million in revenue each year.

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.