NASDAQ:RMNI

Rimini Street Stock Forecast, Price & News

$6.50

-0.27 (-3.99 %)

(As of 01/15/2021 12:00 AM ET)

Add

Compare

Today's Range

$6.38

Now: $6.50▼

$6.88

50-Day Range

$4.15

MA: $4.90▼

$6.77

52-Week Range

$2.22

Now: $6.50▼

$6.90

Volume302,370 shs

Average Volume290,180 shs

Market Capitalization$495.85 million

P/E RatioN/A

Dividend YieldN/A

Beta0.41

Rimini Street, Inc. provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP 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. The company was founded in 2005 and is headquartered in Las Vegas, Nevada.

Overall MarketRank^™

1.59 out of 5 stars

Computer And Technology Sector

231st out of 1,259 stocks

Business Services, Not Elsewhere Classified Industry

40th out of 148 stocks

1.4 Analyst's Opinion

Consensus Rating
Rimini Street has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.75, Rimini Street has a forecasted upside of 3.8% from its current price of $6.50.
Amount of Analyst Coverage
Rimini Street has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
Rimini Street has received 142 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Rimini Street has received 150 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Rimini Street has received 51.37% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Rimini Street and other stocks. Vote “Outperform” if you believe RMNI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RMNI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Rimini Street does not currently pay a dividend.
Dividend Growth
Rimini Street does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rimini Street insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $386,065.00 in company stock.
Percentage Held by Insiders
61.14% of the stock of Rimini Street is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
51.05% of the stock of Rimini Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Rimini Street are expected to grow by 31.82% in the coming year, from $0.22 to $0.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rimini Street is -23.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rimini Street is -23.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Rimini Street has a PEG Ratio of 0.98. PEG Ratios around 1 indicate that a company is correctly valued.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Business services, not elsewhere classified

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:RMNI

Previous Symbol

CUSIPN/A

CIK1635282

Webwww.riministreet.com

Phone702-839-9671

Employees1,380

Debt

Debt-to-Equity RatioN/A

Current Ratio0.64

Quick Ratio0.64

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio29.55

P/E Growth0.98

Sales & Book Value

Annual Sales$281.05 million

Price / Sales1.76

Cash Flow$0.56 per share

Price / Cash Flow11.66

Book Value($3.31) per share

Price / Book-1.96

Profitability

EPS (Most Recent Fiscal Year)$0.25

Net Income$17.53 million

Net Margins-4.06%

Return on Equity-8.92%

Return on Assets11.48%

Miscellaneous

Outstanding Shares76,285,000

Market Cap$495.85 million

Next Earnings Date3/11/2021 (Estimated)

OptionableNot Optionable

$6.50

-0.27 (-3.99 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive RMNI News and Ratings via Email

Sign-up to receive the latest news and ratings for RMNI and its competitors with MarketBeat's FREE daily newsletter.

Rimini Street (NASDAQ:RMNI) Frequently Asked Questions

How has Rimini Street's stock been impacted by Coronavirus?

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 60.1% and is now trading at $6.50.
View which stocks have been most impacted by COVID-19.

Is Rimini Street a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Rimini Street stock.
View analyst ratings for Rimini Street or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Rimini Street?

Wall Street analysts have given Rimini Street a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Rimini Street wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Rimini Street's next earnings date?

Rimini Street is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
View our earnings forecast for Rimini Street.

How were Rimini Street's earnings last quarter?

Rimini Street, Inc. (NASDAQ:RMNI) released its quarterly earnings results on Monday, March, 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by $0.03. The firm earned $76.13 million during the quarter, compared to analysts' expectations of $71.77 million. Rimini Street had a negative return on equity of 8.92% and a negative net margin of 4.06%.
View Rimini Street's earnings history.

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

Rimini Street issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, November, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $82.5-83.5 million, compared to the consensus revenue estimate of $81.99 million.

What price target have analysts set for RMNI?

4 brokerages have issued 1 year price objectives for Rimini Street's shares. Their forecasts range from $5.00 to $8.50. On average, they anticipate Rimini Street's stock price to reach $6.75 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Rimini Street or view Wall Street analyst' top-rated stocks.

Are investors shorting Rimini Street?

Rimini Street saw a drop in short interest in December. As of December 31st, there was short interest totaling 183,500 shares, a drop of 22.1% from the December 15th total of 235,700 shares. Based on an average daily trading volume, of 187,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the company's shares are short sold.
View Rimini Street's Short Interest.

Who are some of Rimini Street's key competitors?

Some companies that are related to Rimini Street include Cielo (CIOXY), TechTarget (TTGT), Cardtronics (CATM), NIC (EGOV), Repay (RPAY), CBIZ (CBZ), Gravity (GRVY), Radware (RDWR), B. Riley Financial (RILY), Tabula Rasa HealthCare (TRHC), Capita (CTAGY), QuinStreet (QNST), Conduent (CNDT), i3 Verticals (IIIV) and GreenSky (GSKY).
View all of RMNI's competitors.

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 Co. (PD.TO) (PD) and Designer Brands (DBI).

Who are Rimini Street's key executives?

Rimini Street's management team includes the following people:

Mr. Seth A. Ravin, Founder, Chairman & CEO (Age 53, Pay $600.7k)
Mr. Daniel B. Winslow, Exec. VP, Chief Legal Officer & Sec. (Age 61, Pay $789.85k)
Mr. Sebastian Grady, Pres (Age 55)
Mr. Michael L. Perica, Exec. VP & CFO
Mr. Alex Goldvug, VP of Global Operations
Mr. Gerard Brossard, Exec. VP & COO (Age 55)
Mr. Stanley Mbugua, Group VP & Chief Accounting Officer
Mr. Steven Salaets, Chief Information Officer, Chief People Officer and EVP of Global Security, Quality & Internal Audit
Mr. Dean Pohl, VP of Investor Relations
Mr. James L. Butler, Exec. VP, Chief Ethics & Compliance Officer

What is Rimini Street's stock symbol?

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

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Rimini Street's stock price today?

One share of RMNI stock can currently be purchased for approximately $6.50.

How big of a company is Rimini Street?

Rimini Street has a market capitalization of $495.85 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 1,380 workers across the globe.

What is Rimini Street's official website?

The official website for Rimini Street is www.riministreet.com.

How can I contact Rimini Street?

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]

This page was last updated on 1/16/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here