Rimini Street - RMNI Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rimini Street in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RMNI shares.
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2 analysts have issued 1 year price targets for Rimini Street's shares. Their RMNI share price forecasts range from $7.00 to $8.00. On average, they expect the company's stock price to reach $7.50 in the next twelve months. This suggests a possible upside of 88.9% from the stock's current price.
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Rimini Street's stock was trading at $5.97 at the start of the year. Since then, RMNI stock has decreased by 33.5% and is now trading at $3.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our RMNI earnings forecast.

Rimini Street, Inc. (NASDAQ:RMNI) announced its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.01. The company had revenue of $101.93 million for the quarter, compared to analysts' expectations of $102.34 million. Rimini Street had a net margin of 18.20% and a negative trailing twelve-month return on equity of 116.89%.

Rimini Street issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $103.00 million-$105.00 million, compared to the consensus revenue estimate of $105.35 million.

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).

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

Rimini Street's stock is owned by many different retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.80%), Vanguard Group Inc. (4.05%), BlackRock Inc. (3.79%), Brooktree Capital Management (2.19%), Voss Capital LLC (1.61%) and Avalon Investment & Advisory (1.50%). Insiders that own company stock include Brian Slepko, 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.
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Shares of RMNI stock 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.
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One share of RMNI stock can currently be purchased for approximately $3.97.

Rimini Street (NASDAQ:RMNI) has a market capitalization of $350.47 million and generates $374.43 million in revenue each year. The company earns $75.22 million in net income (profit) each year or $0.80 on an earnings per share basis.

The company employs 1,660 workers across the globe.

Rimini Street's mailing address is 3993 HOWARD HUGHES PARKWAY SUITE 500, LAS VEGAS NV, 89169. The official website for the company is www.riministreet.com. The company can be reached via phone at (702) 839-9671 or via email at ir@riministreet.com.