NASDAQ:RMNI Rimini Street Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Rimini Street Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $3.28 -0.26 (-7.34 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$3.27Now: $3.28▼$3.5950-Day Range$3.54MA: $4.58▼$5.9052-Week Range$2.22Now: $3.28▼$5.97Volume554,220 shsAverage Volume145,705 shsMarket Capitalization$227.05 millionP/E RatioN/ADividend YieldN/ABeta0.27 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingRimini 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/DownsideAccording to analysts' consensus price target of $8.50, Rimini Street has a forecasted upside of 159.1% from its current price of $3.28.Amount of Analyst CoverageRimini Street has only been the subject of 2 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesRimini Street has received 141 “outperform” votes. (Add your “outperform” vote.)Underperform VotesRimini Street has received 149 “underperform” votes. (Add your “underperform” vote.)Community SentimentRimini Street has received 51.38% “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. Previous Next 0.0 Dividend Strength Dividend YieldRimini Street does not currently pay a dividend.Dividend GrowthRimini Street does not have a long track record of dividend growth. Previous Next 2.0 Company Ownership Insider Buying vs. Insider SellingIn 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 $1,979,499.00 in company stock.Percentage Held by Insiders61.14% 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 Institutions51.05% of the stock of Rimini Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Rimini Street is -11.71, 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. SectorThe P/E ratio of Rimini Street is -11.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioRimini Street has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued. Previous Next Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.80 out of 5 stars 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 Phone702-839-9671Debt Debt-to-Equity RatioN/A Current Ratio0.64 Quick Ratio0.64Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio14.91 P/E Growth1.24 Sales & Book Value Annual Sales$281.05 million Price / Sales0.81 Cash Flow$0.22 per share Price / Cash Flow14.81 Book Value($3.31) per share Price / Book-0.99Profitability 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 Employees1,270 Outstanding Shares69,223,000Market Cap$227.05 million Next Earnings Date11/5/2020 (Estimated) OptionableNot Optionable $3.28 -0.26 (-7.34 %) (As of 09/18/2020 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 price been impacted by COVID-19? Rimini Street's stock was trading at $4.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RMNI shares have decreased by 19.2% and is now trading at $3.28. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Rimini Street? 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, resulting in a consensus recommendation of "Buy." View analyst ratings for Rimini Street. When is Rimini Street's next earnings date? Rimini Street is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020. View our earnings forecast for Rimini Street. How were Rimini Street's earnings last quarter? Rimini Street Inc (NASDAQ:RMNI) posted its quarterly earnings data on Wednesday, August, 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.04. The business had revenue of $78.40 million for the quarter, compared to the consensus estimate of $79.20 million. Rimini Street had a negative net margin of 4.06% and a negative return on equity of 8.92%. View Rimini Street's earnings history. What guidance has Rimini Street issued on next quarter's earnings? Rimini Street updated its third quarter 2020 After-Hours earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $78.5-80.5 million, compared to the consensus revenue estimate of $78.87 million. What price target have analysts set for RMNI? 3 analysts have issued 1-year price targets for Rimini Street's stock. Their forecasts range from $8.50 to $8.50. On average, they expect Rimini Street's stock price to reach $8.50 in the next year. This suggests a possible upside of 159.1% from the stock's current price. View analysts' price targets for Rimini Street. Are investors shorting Rimini Street? Rimini Street saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 537,500 shares, an increase of 98.4% from the August 15th total of 270,900 shares. Based on an average daily volume of 201,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.1% of the shares of the stock 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 GreenSky (GSKY), QuinStreet (QNST), Limelight Networks (LLNW), Conduent (CNDT), Conduent (CNDT), B. Riley Financial (RILY), CAPITA GRP/ADR (CTAGY), i3 Verticals (IIIV), International Money Express (IMXI), Cass Information Systems (CASS), Collectors Universe (CLCT), Viad (VVI), NEWTEK Business Services (NEWT), Waitr (WTRH) and Resources Connection (RECN). View all 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), Precision Drilling (PD), Designer Brands (DBI) and NanoString Technologies (NSTG). Who are Rimini Street's key executives? Rimini Street's management team includes the following people: Mr. Seth A. Ravin, Founder, Chairman & CEO (Age 52)Mr. Sebastian Grady, Pres (Age 54)Mr. Daniel B. Winslow, Sr. VP, Gen. Counsel & Sec. (Age 60)Mr. Thomas B. Sabol, Sr. VP & CFO (Age 60)Dean Pohl, Director of Investor Relations 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 institutional and retail investors. Top institutional investors include Bessemer Group Inc. (0.16%), Bank of New York Mellon Corp (0.07%), Mackay Shields LLC (0.07%), Goldman Sachs Group Inc. (0.07%), RMB Capital Management LLC (0.05%) and Nuveen Asset Management LLC (0.04%). Company insiders that own Rimini Street stock include Brigade Leveraged Capital Stru, Daniel B Winslow, David W Rowe, Kevin Maddock, Nancy Lyskawa, Sebastian Grady, Seth A Ravin, Stella Point Capital Llc and Thomas C Shay. View institutional ownership trends for Rimini Street. Which major investors are selling Rimini Street stock? RMNI stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC. Company insiders that have sold Rimini Street company stock in the last year include Brigade Leveraged Capital Stru, Daniel B Winslow, David W Rowe, Kevin Maddock, Nancy Lyskawa, Sebastian Grady, and Seth A Ravin. View insider buying and selling activity for Rimini Street. Which major investors are buying Rimini Street stock? RMNI stock was purchased by a variety of institutional investors in the last quarter, including Mackay Shields LLC, RMB Capital Management LLC, Goldman Sachs Group Inc., Bridgeway Capital Management Inc., Jacobs Levy Equity Management Inc., Bessemer Group Inc., Bank of America Corp DE, and Bank of New York Mellon Corp. View insider buying and selling activity for Rimini Street. 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 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 $3.28. How big of a company is Rimini Street? Rimini Street has a market capitalization of $227.05 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. 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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