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BABA   85.50 (-0.74%)
AMD   124.92 (+3.20%)
T   15.95 (-0.75%)
F   13.74 (+1.18%)
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NASDAQ:RMNI

Rimini Street (RMNI) Stock Forecast, Price & News

$4.34
-0.14 (-3.13%)
(As of 04:00 PM ET)
Compare
Today's Range
$4.30
$4.54
50-Day Range
$3.46
$4.60
52-Week Range
$3.46
$7.25
Volume
148,917 shs
Average Volume
300,528 shs
Market Capitalization
$385.87 million
P/E Ratio
13.18
Dividend Yield
N/A
Price Target
$7.00

Rimini Street MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
61.3% Upside
$7.00 Price Target
Short Interest
Bearish
5.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of Rimini Street in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$129,388 Sold Last Quarter
Proj. Earnings Growth
19.44%
From $0.36 to $0.43 Per Share

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 stars

Computer And Technology Sector

270th out of 600 stocks

Business Services, Not Elsewhere Classified Industry

49th out of 89 stocks


RMNI stock logo

About Rimini Street (NASDAQ:RMNI) Stock

Rimini 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.

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RMNI Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS 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!
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.
3 Software Stocks Better Than Salesforce
Recap: Rimini Street Q1 Earnings
Rimini Street, Inc. (NASDAQ:RMNI) CFO Sells $13,504.53 in Stock
Craig-Hallum Reaffirms Their Buy Rating on Rimini Street (RMNI)
See More Headlines

RMNI Price History

RMNI Company Calendar

Last Earnings
5/03/2023
Today
6/09/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:RMNI
Fax
N/A
Employees
1,920
Year Founded
N/A

Price 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 Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$-2,480,000.00
Pretax Margin
2.00%

Debt

Sales & Book Value

Annual Sales
$409.66 million
Cash Flow
$0.41 per share
Book Value
($0.87) per share

Miscellaneous

Free Float
49,338,000
Market Cap
$385.87 million
Optionable
Not Optionable
Beta
0.91

Key Executives

  • Seth A. RavinSeth A. Ravin
    Chairman, President & Chief Executive Officer
  • Kristen Cardinalli
    Chief of Staff & Vice President-Operations
  • Michael L. PericaMichael L. Perica
    Chief Financial Officer & Executive Vice President
  • Steven SalaetsSteven Salaets
    Chief Information Officer & Executive VP
  • Eric Helmer
    Chief Technology Officer & Senior Vice President













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

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