Rimini Street - RMNI Stock Forecast, Price & News

0 Wall Street analysts have issued 12 month price objectives for Rimini Street's shares. 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 76.8% 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 at the beginning of 2023. Since then, RMNI shares have increased by 3.9% and is now trading at $3.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our RMNI earnings forecast.

Rimini Street, Inc. (NASDAQ:RMNI) posted its earnings results on Wednesday, March, 1st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. The firm earned $108.62 million during the quarter, compared to analysts' expectations of $104.24 million. Rimini Street had a negative trailing twelve-month return on equity of 36.98% and a negative net margin of 0.61%.

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).

Rimini Street updated its first quarter 2023 earnings guidance on Wednesday, March, 1st. The company provided EPS 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.

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 a number of institutional and retail 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.
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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 $3.96.

Rimini Street (NASDAQ:RMNI) has a market capitalization of $351.69 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.

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.