NASDAQ:RMNI - Rimini Street Stock Price, News & Analysis

$4.92
+0.04 (+0.82 %)
(As of 08/19/2019 04:00 PM ET)
Today's Range
$4.84
Now: $4.92
$5.07
50-Day Range
$4.59
MA: $5.00
$5.32
52-Week Range
$4.00
Now: $4.92
$7.46
Volume70,698 shs
Average Volume53,742 shs
Market Capitalization$327.34 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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.

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:RMNI
CUSIPN/A
Phone702-839-9671

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$252.79 million
Book Value($3.85) per share

Profitability

Net Income$-67,960,000.00

Miscellaneous

Employees1,080
Market Cap$327.34 million
Next Earnings Date11/14/2019 (Estimated)
OptionableNot Optionable

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Rimini Street (NASDAQ:RMNI) Frequently Asked Questions

What is Rimini Street's stock symbol?

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

How were Rimini Street's earnings last quarter?

Rimini Street Inc (NASDAQ:RMNI) announced its quarterly earnings results on Thursday, August, 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by $0.05. The company had revenue of $67.96 million for the quarter, compared to analyst estimates of $67.35 million. Rimini Street had a negative net margin of 15.41% and a negative return on equity of 8.20%. View Rimini Street's Earnings History.

When is Rimini Street's next earnings date?

Rimini Street is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Rimini Street.

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

Rimini Street issued an update on its third quarter 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $69-70 million, compared to the consensus revenue estimate of $68.06 million.

What price target have analysts set for RMNI?

1 brokerages have issued 12-month price targets for Rimini Street's shares. Their predictions range from $10.00 to $10.00. On average, they expect Rimini Street's share price to reach $10.00 in the next year. This suggests a possible upside of 103.3% from the stock's current price. View Analyst Price Targets for Rimini Street.

What is the consensus analysts' recommendation for Rimini Street?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Rimini Street.

Has Rimini Street been receiving favorable news coverage?

News coverage about RMNI stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Rimini Street earned a news impact score of -2.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Rimini Street.

Are investors shorting Rimini Street?

Rimini Street saw a decline in short interest in July. As of July 31st, there was short interest totalling 457,100 shares, a decline of 10.0% from the June 30th total of 507,900 shares. Based on an average trading volume of 83,100 shares, the short-interest ratio is presently 5.5 days. Currently, 3.7% of the company's shares are sold short. View Rimini Street's Current Options Chain.

Who are some of Rimini Street's key 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), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Precision Drilling (PD), AutoZone (AZO), NanoString Technologies (NSTG), Bank Of The Ozarks (OZRK) and Designer Brands (DSW).

Who are Rimini Street's key executives?

Rimini Street's management team includes the folowing 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

Who are Rimini Street's major shareholders?

Rimini Street's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Kingstown Capital Management L.P. (1.73%), BlackRock Inc. (1.46%), Vanguard Group Inc. (1.37%), Morgan Stanley (0.53%), Rock Creek Group LP (0.48%) and Renaissance Technologies LLC (0.24%). Company insiders that own Rimini Street stock include Andrew Fleiss, Brian Slepko, David W Rowe, James Petraglia, Kevin Maddock, Nancy Lyskawa, Polar Asset Management Partner, Sebastian Grady, Seth A Ravin, Steven M Capelli, Thomas B Sabol, Thomas C Shay and Tom Ashburn. 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 Morgan Stanley. Company insiders that have sold Rimini Street company stock in the last year include Kevin Maddock, Nancy Lyskawa, Sebastian Grady, Seth A Ravin and Thomas C Shay. View Insider Buying and Selling 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 BlackRock Inc., Rock Creek Group LP, Vanguard Group Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Jacobs Levy Equity Management Inc., Kingstown Capital Management L.P. and Charles Schwab Investment Management Inc.. Company insiders that have bought Rimini Street stock in the last two years include Andrew Fleiss, James Petraglia, Seth A Ravin, Steven M Capelli, Thomas B Sabol and Tom Ashburn. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Rimini Street's stock price today?

One share of RMNI stock can currently be purchased for approximately $4.92.

How big of a company is Rimini Street?

Rimini Street has a market capitalization of $327.34 million and generates $252.79 million in revenue each year. The company earns $-67,960,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis. Rimini Street employs 1,080 workers across the globe.View Additional Information About Rimini Street.

What is Rimini Street's official website?

The official website for Rimini Street is http://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]


MarketBeat Community Rating for Rimini Street (NASDAQ RMNI)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  121 (Vote Outperform)
Underperform Votes:  121 (Vote Underperform)
Total Votes:  242
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.
This page was last updated on 8/19/2019 by MarketBeat.com Staff

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