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 (WHO). 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) released its earnings results on Monday, March, 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.03. The company had revenue of $76.13 million for the quarter, compared to the consensus estimate of $71.77 million. Rimini Street had a negative net margin of 1.69% and a negative return on equity of 8.21%. View Rimini Street's earnings history.

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

News coverage about RMNI stock has been trending neutral on Sunday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Rimini Street earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutRimini Street.

Rimini Street saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 167,400 shares, a decline of 13.9% from the April 15th total of 194,500 shares. Based on an average daily trading volume, of 114,300 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the company's stock are sold short. View Rimini Street's Current Options Chain.

Some companies that are related to Rimini Street include CBIZ (CBZ), Tabula Rasa HealthCare (TRHC), Radware (RDWR), Phreesia (PHR), Cardtronics (CATM), Repay (RPAY), Qiwi (QIWI), i3 Verticals (IIIV), TechTarget (TTGT), GreenSky (GSKY), Limelight Networks (LLNW), Cass Information Systems (CASS), Conduent (CNDT), QuinStreet (QNST) and B. Riley Financial (RILY). 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 institutional and retail investors. Top institutional investors 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 purchased 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]