NASDAQ:RMNI - Rimini Street Stock Price, Forecast & News

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

Rimini Street Inc (NASDAQ:RMNI) released its quarterly earnings results on Thursday, November, 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. The firm had revenue of $68.95 million for the quarter, compared to analysts' expectations 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.

Rimini Street issued an update on its fourth quarter 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$71.3-72.3 million, compared to the consensus revenue estimate of $$72.28 million.

1 Wall Street analysts have issued 12-month price targets for Rimini Street's shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate Rimini Street's share price to reach $10.00 in the next year. This suggests a possible upside of 151.3% 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.

Media headlines about RMNI stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Rimini Street earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Rimini Street.

Rimini Street saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 374,000 shares, a decline of 9.9% from the October 31st total of 415,000 shares. Based on an average daily trading volume, of 80,600 shares, the short-interest ratio is currently 4.6 days. Currently, 2.2% of the shares of the company are short sold. 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), QuinStreet (QNST), Uxin (UXIN), i3 Verticals (IIIV), B. Riley Financial (RILY), Emerald Expositions Events (EEX), TechTarget (TTGT), Fiverr International (FVRR), Repay (RPAY), Resources Connection (RECN), PaySign (PAYS), International Money Express (IMXI) and Limelight Networks (LLNW).

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 many different of institutional and retail investors. Top institutional shareholders include Kingstown Capital Management L.P. (1.49%), State Street Corp (0.47%), Mackay Shields LLC (0.04%), Millennium Management LLC (0.03%) and Barclays PLC (0.01%). Company insiders that own Rimini Street stock include Brian Slepko, Brigade Leveraged Capital Stru, David W Rowe, James Petraglia, Kevin Maddock, Nancy Lyskawa, Sebastian Grady, Seth A Ravin, Stella Point Capital Llc, Thomas B Sabol and Thomas C Shay. View Institutional Ownership Trends for Rimini Street.

RMNI stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Kingstown Capital Management L.P. and Barclays PLC. Company insiders that have sold Rimini Street company stock in the last year include Brigade Leveraged Capital Stru, David W Rowe, Kevin Maddock, Nancy Lyskawa, Sebastian Grady, Seth A Ravin, Stella Point Capital Llc and Thomas C Shay. View Insider Buying and Selling for Rimini Street.

RMNI stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp and Mackay Shields LLC. Company insiders that have bought Rimini Street stock in the last two years include James Petraglia, Seth A Ravin and Thomas B Sabol. 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 $3.98.

Rimini Street has a market capitalization of $267.74 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]