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

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 (WHO). Since then, RMNI shares have increased by 0.5% and is now trading at $4.08. View which stocks have been mosted 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, May 14th 2020. View our earnings forecast for Rimini Street.

Rimini Street Inc (NASDAQ:RMNI) announced its earnings results on Monday, March, 16th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by $0.03. The business had revenue of $76.13 million for the quarter, compared to analysts' expectations of $71.77 million. Rimini Street had a net margin of 1.56% and a negative return on equity of 8.14%. View Rimini Street's earnings history.

Rimini Street issued an update on its FY 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $310-320 million, compared to the consensus revenue estimate of $311.2 million.

Media headlines about RMNI stock have been trending very negative this week, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Rimini Street earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutRimini Street.

Rimini Street saw a increase in short interest in March. As of March 13th, there was short interest totaling 181,300 shares, an increase of 80.8% from the February 27th total of 100,300 shares. Based on an average trading volume of 97,200 shares, the short-interest ratio is currently 1.9 days. Currently, 1.1% of the shares of the company are short sold. View Rimini Street's Current Options Chain.

Some companies that are related to Rimini Street include Tabula Rasa HealthCare (TRHC), CBIZ (CBZ), Cardtronics (CATM), Radware (RDWR), LendingClub (LC), GreenSky (GSKY), Fiverr International (FVRR), Phreesia (PHR), Qiwi (QIWI), Limelight Networks (LLNW), Repay (RPAY), TechTarget (TTGT), i3 Verticals (IIIV), Uxin (UXIN) and Cass Information Systems (CASS).

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), NanoString Technologies (NSTG) and Designer Brands (DBI).

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

Rimini Street's stock is owned by a variety of institutional and retail investors. Top institutional investors include Voss Capital LLC (1.98%), Kingstown Capital Management L.P. (1.34%), Renaissance Technologies LLC (0.59%), State Street Corp (0.52%), Martingale Asset Management L P (0.24%) and Geode Capital Management LLC (0.17%). 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 Cowen AND Company LLC, Kingstown Capital Management L.P., Alambic Investment Management L.P., Nuveen Asset Management LLC, and Bank of America Corp DE. 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 bought by a variety of institutional investors in the last quarter, including Voss Capital LLC, Renaissance Technologies LLC, Zebra Capital Management LLC, Acadian Asset Management LLC, State Street Corp, Martingale Asset Management L P, Los Angeles Capital Management & Equity Research Inc., and Bessemer Group Inc.. 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 $4.08.

Rimini Street has a market capitalization of $277.44 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. View additional information about Rimini Street.

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