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Companies facing 1st tax on stock buybacks in Biden bill
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Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
NASDAQ:RMNI

Rimini Street - RMNI Stock Forecast, Price & News

$5.38
+0.06 (+1.13%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.21
$5.42
50-Day Range
$5.29
$7.22
52-Week Range
$4.19
$11.52
Volume
450,997 shs
Average Volume
414,093 shs
Market Capitalization
$471.02 million
P/E Ratio
7.47
Dividend Yield
N/A
Price Target
$8.83

Rimini Street MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
64.2% Upside
$8.83 Price Target
Short Interest
Healthy
3.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of Rimini Street in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$384,333 Sold Last Quarter
Proj. Earnings Growth
28.57%
From $0.28 to $0.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Computer And Technology Sector

63rd out of 664 stocks

Business Services, Not Elsewhere Classified Industry

11th out of 107 stocks

RMNI stock logo

About Rimini Street (NASDAQ:RMNI) Stock

Rimini Street, Inc. provides enterprise software products, services, and support for various industries. The company offers software support services for Oracle and SAP enterprise software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. Rimini Street, Inc. was incorporated in 2005 and is headquartered in Las Vegas, Nevada.

Analysts Set New Price Targets

Separately, Alliance Global Partners increased their price target on Rimini Street to $8.50 in a research note on Tuesday, August 9th.

Rimini Street Stock Up 0.2 %

Rimini Street stock traded up $0.01 during midday trading on Tuesday, reaching $5.33. 5,813 shares of the stock traded hands, compared to its average volume of 400,321. The stock has a market cap of $466.64 million, a P/E ratio of 7.39, a PEG ratio of 1.90 and a beta of 0.81. The stock's fifty day moving average is $6.13 and its 200-day moving average is $5.80. Rimini Street has a 12 month low of $4.19 and a 12 month high of $11.52.

Insider Transactions at Rimini Street

In related news, EVP Nancy Lyskawa sold 5,238 shares of the firm's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $5.83, for a total value of $30,537.54. Following the completion of the transaction, the executive vice president now directly owns 72,589 shares of the company's stock, valued at $423,193.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Gerard Brossard sold 23,696 shares of the firm's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $6.62, for a total value of $156,867.52. Following the completion of the sale, the chief operating officer now directly owns 125,048 shares of the company's stock, valued at approximately $827,817.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Lyskawa sold 5,238 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $5.83, for a total value of $30,537.54. Following the transaction, the executive vice president now directly owns 72,589 shares in the company, valued at approximately $423,193.87. The disclosure for this sale can be found here. Insiders have sold 59,546 shares of company stock valued at $384,333 in the last ninety days. Corporate insiders own 44.51% of the company's stock.

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RMNI Stock News Headlines

Rimini Street (RMNI) Q2 Earnings Lag Estimates
Rimini Street: A First Look
Rimini Street (RMNI) Upgraded to Buy: Here's Why
Rimini Street, Inc. Misses Q1 EPS by 1c
Rimini Street Q1 2022 Earnings Preview
See More Headlines
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RMNI Company Calendar

Last Earnings
3/02/2021
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:RMNI
Fax
N/A
Employees
1,660
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.83
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+64.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$75.22 million
Pretax Margin
5.63%

Debt

Sales & Book Value

Annual Sales
$374.43 million
Cash Flow
$1.24 per share
Book Value
($0.87) per share

Miscellaneous

Free Float
48,581,000
Market Cap
$471.02 million
Optionable
Not Optionable
Beta
0.81














RMNI Stock - Frequently Asked Questions

Should I buy or sell Rimini Street stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RMNI shares.
View RMNI analyst ratings
or view top-rated stocks.

What is Rimini Street's stock price forecast for 2022?

3 Wall Street research analysts have issued 1-year price targets for Rimini Street's shares. Their RMNI share price forecasts range from $8.00 to $10.00. On average, they expect the company's stock price to reach $8.83 in the next twelve months. This suggests a possible upside of 64.2% 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 2022?

Rimini Street's stock was trading at $5.97 on January 1st, 2022. Since then, RMNI stock has decreased by 9.9% and is now trading at $5.38.
View the best growth stocks for 2022 here
.

When is Rimini Street's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our RMNI earnings forecast
.

How were Rimini Street's earnings last quarter?

Rimini Street, Inc. (NASDAQ:RMNI) announced its quarterly earnings results on Tuesday, March, 2nd. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.06. The business had revenue of $87.83 million for the quarter, compared to analyst estimates of $83.53 million. Rimini Street had a negative trailing twelve-month return on equity of 96.56% and a net margin of 19.08%.
Read the conference call transcript
.

What guidance has Rimini Street issued on next quarter's earnings?

Rimini Street issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $100.50 million-$102.50 million, compared to the consensus revenue estimate of $103.14 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 retail and institutional investors. Top institutional investors include Conifer Management L.L.C. (4.78%), Brooktree Capital Management (2.17%), Voss Capital LLC (2.07%), Pacific Ridge Capital Partners LLC (1.46%), State Street Corp (0.87%) and Rock Creek Group LP (0.57%). Insiders that own company stock include Brian Slepko, Brigade Leveraged Capital Stru, Daniel B Winslow, David W Rowe, Gerard Brossard, Gpiac, Llc, Kevin Maddock, Michael L Perica, Nancy Lyskawa, Sebastian Grady, Seth A Ravin, Stanley Mbugua, Stella Point Capital Llc 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 $5.38.

How much money does Rimini Street make?

Rimini Street (NASDAQ:RMNI) has a market capitalization of $471.01 million and generates $374.43 million in revenue each year. The company earns $75.22 million in net income (profit) each year or $0.72 on an earnings per share basis.

How many employees does Rimini Street have?

The company employs 1,660 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 8/17/2022 by MarketBeat.com Staff

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