NASDAQ:RMNI Rimini Street - RMNI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $4.03 -0.03 (-0.74%) (As of 03/24/2023 11:12 AM ET) Add Compare Share Share Today's Range$3.97▼$4.1150-Day Range$4.02▼$5.1052-Week Range$3.50▼$7.25Volume24,181 shsAverage Volume281,081 shsMarket Capitalization$357.90 millionP/E RatioN/ADividend YieldN/APrice Target$7.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Rimini Street MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside72.4% Upside$7.00 Price TargetShort InterestBearish4.45% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$3.53 M Sold Last QuarterProj. Earnings Growth18.18%From $0.33 to $0.39 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.2.09 out of 5 starsComputer And Technology Sector363rd out of 604 stocksBusiness Services, Not Elsewhere Classified Industry55th out of 90 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 72.4% from its current price of $4.06.Amount of Analyst CoverageRimini Street has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.45% 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 6.7.Change versus previous monthShort interest in Rimini Street has recently increased by 11.83%, 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 1.28. 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 higher news sentiment than the 0.36 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Rimini Street this week, compared to 1 article on an average week.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 $3,526,951.00 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Rimini Street are expected to grow by 18.18% in the coming year, from $0.33 to $0.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rimini Street is -135.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Rimini Street is -135.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. 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 HeadlinesMarch 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 EnergageMarch 24, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 7, 2023 | finance.yahoo.comClifford Hallam Healthcare Selects Rimini Consult™ Professional Services to Accelerate Business Targets Through Improved SAP System OperationsMarch 1, 2023 | barrons.comRimini Street Launches Rimini Watch(TM) to Help Organizations Ensure High Performance and Business Continuity for their Enterprise SoftwareMarch 1, 2023 | finance.yahoo.comRimini Street Launches Rimini Consult™ to Help Organizations Optimize, Evolve and Transform Their Enterprise SoftwareMarch 1, 2023 | finance.yahoo.comRimini Street Announces Fiscal Fourth Quarter and Annual 2022 Financial and Operational ResultsMarch 1, 2023 | finance.yahoo.comRimini Street Launches Rimini Watch™ to Help Organizations Ensure High Performance and Business Continuity for their Enterprise SoftwareMarch 24, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.February 28, 2023 | msn.comRimini Street's Earnings: A PreviewFebruary 22, 2023 | finance.yahoo.comRimini Street India Celebrates 10-Year Anniversary as an Employer of Choice in RegionFebruary 15, 2023 | finance.yahoo.comRimini Street Selects Tokyo for 2023 $50,000 RMNI LOVE Charitable Grant ProgramFebruary 6, 2023 | finance.yahoo.comRimini Street to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 1, 2023February 1, 2023 | finance.yahoo.comRimini Street Announces Global Adoption of a Four-Day Workweek ModelJanuary 27, 2023 | finance.yahoo.comWill Rimini Street (RMNI) Bounce Back?January 23, 2023 | seekingalpha.comRimini Street: A High-Conviction HoldingJanuary 18, 2023 | finance.yahoo.comIndependent Survey of More Than 1,000 CXO Respondents Across UK, Ireland, Nordics and the GCC Show Continued Plan for Digital Transformation Investments in 2023January 13, 2023 | reuters.comRMNI.A - | Stock Price & Latest News | ReutersJanuary 10, 2023 | finance.yahoo.comLas Vegas software service provider Rimini Street lists Pleasanton office for subleaseJanuary 5, 2023 | finance.yahoo.comRimini Street, Inc. (RMNI)January 4, 2023 | finanznachrichten.deRimini Street, Inc.: Rimini Street to Present at the 25th Annual Needham Growth ConferenceJanuary 4, 2023 | wsj.comRimini Street to Present at the 25(th) Annual Needham Growth ConferenceJanuary 4, 2023 | finance.yahoo.comRimini Street to Present at the 25th Annual Needham Growth ConferenceDecember 19, 2022 | finance.yahoo.comKooksoondang Switches to Rimini Street Support for SAP to Achieve Savings, Better ERP Support and Greater Funding for InnovationDecember 13, 2022 | finance.yahoo.comOfficeworks Leverages Rimini Connect™ for Browsers to Maintain Business-Critical Customer Support and Avoid Costly, Disruptive SAP Software UpgradeDecember 6, 2022 | finance.yahoo.comRimini Street Launches Rimini Connect™ to Help Organizations Future-Proof and Solve Continuously Evolving and Growing Integration and Interoperability ChallengesDecember 1, 2022 | finance.yahoo.comRimini Street Named a Supplier for UK G-Cloud 13 Framework for all its Application, Database, Managed and Professional ServicesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings3/01/2023Today3/24/2023Next Earnings (Estimated)5/03/2023Fiscal 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+72.4%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)($0.03) Trailing P/E RatioN/A Forward P/E Ratio12.30 P/E GrowthN/ANet Income$-2,480,000.00 Net Margins-0.61% Pretax Margin0.93% Return on Equity-36.98% Return on Assets7.56% Debt Debt-to-Equity RatioN/A Current Ratio0.80 Quick Ratio0.80 Sales & Book Value Annual Sales$409.66 million Price / Sales0.88 Cash Flow$0.41 per share Price / Cash Flow10.00 Book Value($0.87) per share Price / Book-4.67Miscellaneous Outstanding Shares88,810,000Free Float49,278,000Market Cap$360.57 million OptionableNot Optionable Beta0.94 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:GRVYOptimizeRxNASDAQ:OPRXDHI GroupNYSE:DHXEdgioNASDAQ:EGIOCass Information SystemsNASDAQ:CASSView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 10,811 shares on 3/23/2023Ownership: 0.016%Seth A RavinSold 800,000 sharesTotal: $3.28 M ($4.10/share)Nancy LyskawaSold 25,000 sharesTotal: $120,750.00 ($4.83/share)Sebastian GradySold 3,573 sharesTotal: $15,506.82 ($4.34/share)Michael L PericaSold 3,639 sharesTotal: $15,793.26 ($4.34/share)View All Insider TransactionsView All Institutional Transactions RMNI Stock - Frequently Asked Questions What is Rimini Street's stock price forecast for 2023? 0 analysts have issued twelve-month target prices for Rimini Street's shares. Their RMNI share price forecasts range from $7.00 to $7.00. On average, they predict the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 72.4% 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 at the start of the year. Since then, RMNI stock has increased by 6.6% and is now trading at $4.06. View the best growth stocks for 2023 here. When is Rimini Street's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our RMNI earnings forecast. How were Rimini Street's earnings last quarter? Rimini Street, Inc. (NASDAQ:RMNI) posted its earnings results on Wednesday, March, 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.09. The firm earned $108.62 million during the quarter, compared to the consensus estimate of $104.24 million. Rimini Street had a negative net margin of 0.61% and a negative trailing twelve-month return on equity of 36.98%. 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).Hartford Multifactor Small Cap ETF (ROSC). What guidance has Rimini Street issued on next quarter's earnings? Rimini Street updated its first quarter 2023 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $101.00 million-$103.00 million, compared to the consensus revenue estimate of $104.31 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 a variety of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.61%), Voss Capital LLC (2.20%), Pacific Ridge Capital Partners LLC (1.60%), Morgan Stanley (1.52%), Avalon Investment & Advisory (1.34%) and AQR Capital Management LLC (1.31%). 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 $4.06. How much money does Rimini Street make? Rimini Street (NASDAQ:RMNI) has a market capitalization of $360.57 million and generates $409.66 million in revenue each year. The company earns $-2,480,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis. 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 3/24/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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