Rimini Street Stock Price, Forecast & Analysis (NASDAQ:RMNI)

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

Rimini Street Inc (NASDAQ:RMNI) announced its quarterly earnings data on Thursday, November, 7th. The company reported $0.10 EPS for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.06. The firm had revenue of $68.95 million for the quarter, compared to analyst estimates of $69.21 million. Rimini Street had a negative return on equity of 8.25% and a net margin of 2.78%. View Rimini Street's Earnings History.

Rimini Street is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Rimini Street.

1 brokerages have issued 12-month price targets for Rimini Street's shares. Their forecasts range from $10.00 to $10.00. On average, they expect Rimini Street's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 155.1% from the stock's current price. View Analyst Price Targets for Rimini Street.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Rimini Street.

Headlines about RMNI stock have trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Rimini Street earned a news sentiment score of -2.5 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Rimini Street.

Rimini Street saw a decline in short interest in October. As of October 31st, there was short interest totalling 374,000 shares, a decline of 9.9% from the September 30th total of 415,000 shares. Based on an average daily volume of 80,600 shares, the short-interest ratio is currently 4.6 days. Approximately 2.2% of the shares of the company are sold short. View Rimini Street's Current Options Chain.

Some companies that are related to Rimini Street include Phreesia (PHR), Tabula Rasa HealthCare (TRHC), Cass Information Systems (CASS), TechTarget (TTGT), QuinStreet (QNST), B. Riley Financial (RILY), Uxin (UXIN), Fiverr International (FVRR), Emerald Expositions Events (EEX), i3 Verticals (IIIV), International Money Express (IMXI), Limelight Networks (LLNW), Resources Connection (RECN), NEWTEK Business Services (NEWT) and Repay (RPAY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Rimini Street investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Precision Drilling (PD), AutoZone (AZO), NanoString Technologies (NSTG), Bank Of The Ozarks (OZRK) and Designer Brands (DBI).

Rimini Street's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Mackay Shields LLC (0.04%). Company insiders that own Rimini Street stock include Andrew Fleiss, Brian Slepko, Brigade Leveraged Capital Stru, David W Rowe, James Petraglia, Kevin Maddock, Nancy Lyskawa, Sebastian Grady, Seth A Ravin, Stella Point Capital Llc, Steven M Capelli, Thomas B Sabol, Thomas C Shay and Tom Ashburn. View Institutional Ownership Trends for Rimini Street.

RMNI stock was acquired by a variety of institutional investors in the last quarter, including Mackay Shields LLC. Company insiders that have bought Rimini Street stock in the last two years include Andrew Fleiss, James Petraglia, Seth A Ravin, Steven M Capelli, Thomas B Sabol and Tom Ashburn. View Insider Buying and Selling for Rimini Street.

Shares of RMNI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of RMNI stock can currently be purchased for approximately $3.92.

Rimini Street has a market capitalization of $263.70 million and generates $252.79 million in revenue each year. The company earns $-67,960,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis. Rimini Street employs 1,080 workers across the globe.View Additional Information About Rimini Street.

The official website for Rimini Street is http://www.riministreet.com/.

Rimini Street's mailing address is 3993 HOWARD HUGHES PARKWAY SUITE 500, LAS VEGAS NV, 89169. The company can be reached via phone at 702-839-9671 or via email at [email protected]