NASDAQ:RMNIRimini Street Stock Price, Forecast & News

Rimini Street's stock was trading at $4.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RMNI stock has increased by 13.5% and is now trading at $4.61. View which stocks have been most impacted by Coronavirus.

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

Rimini Street is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Rimini Street.

Rimini Street Inc (NASDAQ:RMNI) issued its quarterly earnings results on Monday, March, 16th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.03. The business earned $76.13 million during the quarter, compared to analyst estimates of $71.77 million. Rimini Street had a negative return on equity of 8.21% and a negative net margin of 1.69%. View Rimini Street's earnings history.

Rimini Street updated its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $77-80 million, compared to the consensus revenue estimate of $76.65 million.

Media coverage about RMNI stock has trended somewhat negative on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Rimini Street earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the next several days. View the latest news aboutRimini Street.

Rimini Street saw a drop in short interest in April. As of April 30th, there was short interest totaling 167,400 shares, a drop of 13.9% from the April 15th total of 194,500 shares. Based on an average daily volume of 114,300 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.9% 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 Cardtronics (CATM), Radware (RDWR), Phreesia (PHR), Qiwi (QIWI), Repay (RPAY), i3 Verticals (IIIV), TechTarget (TTGT), GreenSky (GSKY), Limelight Networks (LLNW), Cass Information Systems (CASS), Conduent (CNDT), QuinStreet (QNST), B. Riley Financial (RILY), International Money Express (IMXI) and Uxin (UXIN). View all competitors.

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), Precision Drilling (PD), Designer Brands (DBI) and NanoString Technologies (NSTG).

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

Rimini Street's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Voss Capital LLC (3.07%), BlackRock Inc. (1.51%), Morgan Stanley (0.57%), State Street Corp (0.52%), JPMorgan Chase & Co. (0.44%) and Acadian Asset Management LLC (0.28%). 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 Morgan Stanley, BlackRock Inc., UBS Group AG, Connor Clark & Lunn Investment Management Ltd., Alambic Investment Management L.P., Deutsche Bank AG, and Zebra Capital Management LLC. 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, and Stella Point Capital Llc. View insider buying and selling activity for Rimini Street.

RMNI stock was bought by a variety of institutional investors in the last quarter, including Voss Capital LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Geode Capital Management LLC, Mackenzie Financial Corp, Alliancebernstein L.P., Martingale Asset Management L P, and Dynamic Technology Lab Private Ltd. 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 activity 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 $4.61.

Rimini Street has a market capitalization of $314.36 million and generates $281.05 million in revenue each year. The company earns $17.53 million in net income (profit) each year or $0.25 on an earnings per share basis. Rimini Street employs 1,270 workers across the globe.

The official website for Rimini Street is 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]