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AMD   150.68 (+1.05%)
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NASDAQ:RMNI

Rimini Street Stock Forecast, Price & News

$6.17
-0.20 (-3.14%)
(As of 12/2/2021 12:00 AM ET)
Add
Compare
Today's Range
$6.08
$6.51
50-Day Range
$6.37
$11.30
52-Week Range
$4.31
$11.52
Volume
1.80 million shs
Average Volume
545,530 shs
Market Capitalization
$535.49 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
0.64
30 days | 90 days | 365 days | Advanced Chart
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Rimini Street logo

About Rimini Street

Rimini Street, Inc. engages in the provision of enterprise software support products and services. It offers global tax, legal, and regulatory update, security support, proactive support, advanced technology, license advisory and onboarding and archiving services. The company was founded by Seth A. Ravin and Thomas C. Shay on September 8, 2005 and is headquartered in Las Vegas, NV.

Headlines

Rimini Street Sees Unusually Large Options Volume (NASDAQ:RMNI)
November 9, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:RMNI
Fax
N/A
Employees
1,420
Year Founded
N/A

Sales & Book Value

Annual Sales
$326.78 million
Cash Flow
$0.40 per share
Book Value
($1.85) per share

Profitability

Net Income
$12.98 million
Pretax Margin
4.00%

Debt

Price-To-Earnings

Miscellaneous

Free Float
44,784,000
Market Cap
$535.49 million
Optionable
Not Optionable

Company Calendar

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

MarketRank

Overall MarketRank

2.45 out of 5 stars

Computer And Technology Sector

188th out of 890 stocks

Business Services, Not Elsewhere Classified Industry

29th out of 137 stocks

Analyst Opinion: 3.2Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 0.6 5 -4 -3 -2 -1 -












Rimini Street (NASDAQ:RMNI) Frequently Asked Questions

Is Rimini Street a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Rimini Street stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RMNI, but not buy additional shares or sell existing shares.
View analyst ratings for Rimini Street
or view top-rated stocks.

How has Rimini Street's stock been impacted by COVID-19 (Coronavirus)?

Rimini Street's stock was trading at $4.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RMNI shares have increased by 52.0% and is now trading at $6.17.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Rimini Street?

Rimini Street saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,450,000 shares, an increase of 26.9% from the September 30th total of 1,930,000 shares. Based on an average daily volume of 473,500 shares, the short-interest ratio is currently 5.2 days. Currently, 6.4% of the shares of the stock are sold short.
View Rimini Street's Short Interest
.

When is Rimini Street's next earnings date?

Rimini Street is scheduled to release its next quarterly earnings announcement on Wednesday, March 2nd 2022.
View our earnings forecast for Rimini Street
.

How were Rimini Street's earnings last quarter?

Rimini Street, Inc. (NASDAQ:RMNI) posted its earnings results on Tuesday, March, 2nd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.03 by $0.06. The firm earned $87.83 million during the quarter, compared to analysts' expectations of $83.53 million. Rimini Street had a negative net margin of 4.37% and a negative trailing twelve-month return on equity of 8.25%.
View Rimini Street's earnings history
.

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

Rimini Street updated its FY 2021 earnings guidance on Wednesday, November, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $371 million-$372 million, compared to the consensus revenue estimate of $375.98 million.

What price target have analysts set for RMNI?

5 brokerages have issued 1-year target prices for Rimini Street's stock. Their forecasts range from $8.00 to $13.00. On average, they expect Rimini Street's stock price to reach $10.50 in the next year. This suggests a possible upside of 70.2% from the stock's current price.
View analysts' price targets for Rimini Street
or view top-rated stocks among Wall Street analysts.

Who are Rimini Street's key executives?

Rimini Street's management team includes the following people:

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 a number of retail and institutional investors. Top institutional shareholders include Voss Capital LLC (3.31%), BlackRock Inc. (2.76%), Wellington Management Group LLP (2.20%), Conifer Management L.L.C. (1.38%), Lord Abbett & CO. LLC (1.30%) and Avalon Investment & Advisory (1.30%). Company insiders that own Rimini Street stock include Daniel B Winslow, David W Rowe, Gerard Brossard, Gpiac, Llc, Kevin Maddock, Michael L Perica, Nancy Lyskawa, Sebastian Grady, Seth A Ravin, Stanley Mbugua and Steven Salaets.
View institutional ownership trends for Rimini Street
.

Which institutional investors are selling Rimini Street stock?

RMNI stock was sold by a variety of institutional investors in the last quarter, including Union Square Park Capital Management LLC, Renaissance Technologies LLC, Voss Capital LLC, Cannell Capital LLC, Cubist Systematic Strategies LLC, Strs Ohio, Los Angeles Capital Management LLC, and Brasada Capital Management LP. Company insiders that have sold Rimini Street company stock in the last year include Daniel B Winslow, David W Rowe, Gerard Brossard, Gpiac, Llc, Kevin Maddock, Michael L Perica, Sebastian Grady, Seth A Ravin, Stanley Mbugua, and Steven Salaets.
View insider buying and selling activity for Rimini Street
or view top insider-selling stocks.

Which institutional investors are buying Rimini Street stock?

RMNI stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Conifer Management L.L.C., Lord Abbett & CO. LLC, Jane Street Group LLC, Brooktree Capital Management, Two Sigma Investments LP, Invesco Ltd., and Two Sigma Advisers LP.
View insider buying and selling activity for Rimini Street
or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

What is Rimini Street's stock price today?

One share of RMNI stock can currently be purchased for approximately $6.17.

How much money does Rimini Street make?

Rimini Street has a market capitalization of $535.49 million and generates $326.78 million in revenue each year. The company earns $12.98 million in net income (profit) each year or ($0.31) on an earnings per share basis.

How many employees does Rimini Street have?

Rimini Street employs 1,420 workers across the globe.

What is Rimini Street's official website?

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

Where are Rimini Street's headquarters?

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 12/2/2021 by MarketBeat.com Staff

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