NASDAQ:RMNI

Rimini Street - RMNI Stock Forecast, Price & News

$4.98

+0.32 (+6.87%)

(As of 10/3/2022 03:59 PM ET)

Add

Compare

Today's Range: $4.69
▼
$5.02
50-Day Range: $4.60
▼
$7.22
52-Week Range: $4.19
▼
$11.52

Volume: 18,813 shs
Average Volume: 467,347 shs
Market Capitalization: $435.99 million

P/E Ratio: 6.92
Dividend Yield: N/A
Price Target: $8.33

Rimini Street MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 67.3% Upside
$8.33 Price Target
Short Interest: Bearish
3.72% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$139,643 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.

2.79 out of 5 stars

Computer And Technology Sector

127th out of 650 stocks

Business Services, Not Elsewhere Classified Industry

14th out of 102 stocks

3.3

Analyst's Opinion

Consensus Rating
Rimini Street has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.33, Rimini Street has a forecasted upside of 67.3% from its current price of $4.98.
Amount of Analyst Coverage
Rimini Street has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.72% of the float of Rimini Street has been sold short.
Short Interest Ratio / Days to Cover
Rimini Street has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Rimini Street has recently increased by 14.00%, indicating that investor sentiment is decreasing significantly.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RMNI.

2.7

News and Social Media Coverage

News Sentiment
Rimini Street has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Rimini Street this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for RMNI on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Rimini Street to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

4.2

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 $139,643.00 in company stock.
Percentage Held by Insiders
44.51% 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
70.34% of the stock of Rimini Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Rimini Street are expected to grow by 28.57% in the coming year, from $0.28 to $0.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rimini Street is 6.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rimini Street is 6.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 347.78.
Price to Earnings Growth Ratio
Rimini Street has a PEG Ratio of 1.66. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

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.

Receive RMNI Stock News and Ratings via Email

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

RMNI Stock News Headlines

September 17, 2022 | seekingalpha.com

RMNI Rimini Street, Inc.

September 8, 2022 | finance.yahoo.com

Rimini Street Earns Additional Great Place to Work® Certifications in US, Australia and New Zealand

August 31, 2022 | finance.yahoo.com

Report: Third-party Support Helps SAP Customers Get Control of Their ERP Strategy and Associated Costs

August 29, 2022 | finance.yahoo.com

Racing and Wagering Western Australia Turns to Rimini Street for Better Support and Advanced Security for its Oracle Technology Landscape

August 23, 2022 | finance.yahoo.com

University of Technology Sydney Gets Better Support and Security for Oracle Database by Switching to Rimini Street

August 17, 2022 | stocknews.com

1 Stock the World's Smartest Investors Are Selling

August 7, 2022 | seekingalpha.com

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | finance.yahoo.com

Rimini Street (RMNI) Q2 Earnings Lag Estimates

August 3, 2022 | finance.yahoo.com

Rimini Street Announces Fiscal Second Quarter 2022 Financial Results

August 2, 2022 | finance.yahoo.com

Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications

July 28, 2022 | finance.yahoo.com

Rimini Street (RMNI) Outpaces Stock Market Gains: What You Should Know

July 20, 2022 | finance.yahoo.com

Rimini Street to Report Second Quarter 2022 Financial Results on August 3, 2022

July 13, 2022 | stocknews.com

Is the Crypto Collapse Finally Over? Which Ticker to Look at First

July 12, 2022 | finance.yahoo.com

Rimini Street (RMNI) Dips More Than Broader Markets: What You Should Know

July 5, 2022 | finance.yahoo.com

Has Rimini Street (RMNI) Outpaced Other Computer and Technology Stocks This Year?

June 28, 2022 | nasdaq.com

Rimini Street (RMNI) Gains As Market Dips: What You Should Know

June 22, 2022 | finance.yahoo.com

Rimini Street (RMNI) Stock Sinks As Market Gains: What You Should Know

June 15, 2022 | finance.yahoo.com

Rimini Street (RMNI) Gains But Lags Market: What You Should Know

June 15, 2022 | seekingalpha.com

Rimini Street: A First Look

June 3, 2022 | marketwatch.com

Rimini Street Shares Rally on Buyback, Debt Repayment >RMNI

June 1, 2022 | seekingalpha.com

Rimini Street expands stock repurchase plan to $50M from $15M, prepays $5M in loan

May 24, 2022 | finance.yahoo.com

Rimini Street to Participate at the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022

May 9, 2022 | finance.yahoo.com

Rimini Street (RMNI) Upgraded to Buy: Here's Why

May 8, 2022 | seekingalpha.com

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q1 2022 Results - Earnings Call Transcript

May 6, 2022 | finance.yahoo.com

Rimini Street to Present at the 17th Annual Needham Technology & Media Conference

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive RMNI Stock News and Ratings via Email

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

RMNI Company Calendar

Last Earnings: 8/03/2022
Today: 10/03/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:RMNI
CUSIP: N/A
CIK: 1635282
Web: www.riministreet.com
Phone: (702) 839-9671
Fax: N/A
Employees: 1,660
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.33
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +67.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.72
Trailing P/E Ratio: 6.92
Forward P/E Ratio: 17.79
P/E Growth: 1.66
Net Income: $75.22 million
Net Margins: 19.08%
Pretax Margin: 5.63%
Return on Equity: -96.56%
Return on Assets: 26.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.85
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $374.43 million
Price / Sales: 1.16
Cash Flow: $1.31 per share
Price / Cash Flow: 3.79
Book Value: ($0.92) per share
Price / Book: -5.41

Miscellaneous

Outstanding Shares: 87,549,000
Free Float: 48,581,000
Market Cap: $435.99 million
Optionable: Not Optionable
Beta: 0.91

Key Executives

Mr. Seth A. Ravin (Age 55)
Founder, Chairman & CEO
Comp: $954.41k

Mr. Michael L. Perica
Exec. VP, CFO & Principal Accounting Officer

Mr. Sebastian Grady (Age 57)
Pres

Mr. Alex Goldvug
VP of Global Operations

Ms. Alisa De Dominicis
VP of Global Operations, Legal, Ethics & Compliance

Mr. Eric Helmer
Sr. VP & CTO

Mr. Steven Salaets (Age 44)
Chief Information Officer & Exec. VP of Global Shared Services

Mr. Dean Pohl
VP of Investor Relations

Mr. Michael Spencer
GVP, Chief Counsel and Chief Ethics & Compliance Officer

Mr. Jeff Spicer
Exec. VP & Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RMNI Stock - Frequently Asked Questions

Should I buy or sell Rimini Street stock right now?: 3 Wall Street equities research 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 equities research 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 analysts have issued 12 month price targets for Rimini Street's stock. Their RMNI share price forecasts range from $7.00 to $10.00. On average, they predict the company's share price to reach $8.33 in the next year. This suggests a possible upside of 69.4% 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 at the beginning of the year. Since then, RMNI stock has decreased by 17.6% and is now trading at $4.92.
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 Wednesday, August, 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.08. The company had revenue of $101.20 million for the quarter, compared to analysts' expectations of $99.86 million. Rimini Street had a net margin of 19.08% and a negative trailing twelve-month return on equity of 96.56%.
What guidance has Rimini Street issued on next quarter's earnings?: Rimini Street updated its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share 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."
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 $4.92.
How much money does Rimini Street make?: Rimini Street (NASDAQ:RMNI) has a market capitalization of $430.74 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 10/3/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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 from 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 30-Day Free Trial

Rimini Street - RMNI Stock Forecast, Price & News

Rimini Street MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows