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

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

Rimini Street Inc (NASDAQ:RMNI) posted its quarterly earnings data on Thursday, August, 8th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.05. The firm had revenue of $67.96 million for the quarter, compared to analysts' expectations 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.

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

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.

1 equities research analysts 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 stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 108.8% from the stock's current price. View Analyst Price Targets 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.

News headlines about RMNI stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Rimini Street earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Rimini Street.

Rimini Street saw a decline in short interest during the month of August. As of August 15th, there was short interest totalling 457,100 shares, a decline of 10.0% from the July 15th total of 507,900 shares. Based on an average daily trading volume, of 83,100 shares, the short-interest ratio is presently 5.5 days. Approximately 3.7% of the company's stock are short sold. View Rimini Street's Current Options Chain.

Some companies that are related to Rimini Street include Tabula Rasa HealthCare (TRHC), Radware (RDWR), Uxin (UXIN), Phreesia (PHR), Cass Information Systems (CASS), Emerald Expositions Events (EEX), TechTarget (TTGT), QuinStreet (QNST), B. Riley Financial (RILY), Fiverr International (FVRR), i3 Verticals (IIIV), Resources Connection (RECN), International Money Express (IMXI), PaySign (PAYS) and NEWTEK Business Services (NEWT).

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).

Rimini Street's stock is owned by a number of of institutional and retail 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.

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 David W Rowe, Kevin Maddock, Nancy Lyskawa, Sebastian Grady, Seth A Ravin and Thomas C Shay. View Insider Buying and Selling for Rimini Street.

RMNI stock was acquired 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.

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 $4.79.

Rimini Street has a market capitalization of $318.69 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.

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]