Rimini Street (RMNI) Stock Price, News & Analysis

Company Overview

Rimini Street, Inc. provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems. In addition, the company offers Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. 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 incorporated in 2005 and is headquartered in Las Vegas, Nevada.

Key Stats

• Today's Range: $2.46 to $2.56
• 50-Day Range: $1.59 to $2.72
• 52-Week Range: $1.53 to $3.43
• Volume: 561,744 shs
• Average Volume: 280,078 shs
• Market Capitalization: $229.12 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.25
• Consensus Rating: Moderate Buy

Rimini Street Stock Analysis - MarketRank™

Rimini Street scored higher than 62% of companies evaluated by MarketBeat, and ranked 319th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Rimini Street has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Rimini Street has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: -35.14%

Earnings Growth

Earnings for Rimini Street are expected to decrease by -35.14% in the coming year, from $0.37 to $0.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Rimini Street is -6.81, 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. Sector

The P/E ratio of Rimini Street is -6.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.05% of the float of Rimini Street has been sold short.

Short Interest Ratio / Days to Cover

Rimini Street has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Rimini Street has recently decreased by 15.79%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Rimini Street does not currently pay a dividend.

Dividend Growth

Rimini Street does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.05% of the float of Rimini Street has been sold short.

Short Interest Ratio / Days to Cover

Rimini Street has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Rimini Street has recently decreased by 15.79%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.47

News Sentiment

Rimini Street has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Rimini Street this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for RMNI on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $39,178.00 in company stock.

Percentage Held by Insiders

41.00% 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 Institutions

73.75% of the stock of Rimini Street is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RMNI Stock Analysis - Frequently Asked Questions

How have RMNI shares performed this year?

Rimini Street's stock was trading at $3.27 at the start of the year. Since then, RMNI shares have decreased by 22.9% and is now trading at $2.52.
View the best growth stocks for 2024 here.

How were Rimini Street's earnings last quarter?

Rimini Street, Inc. (NASDAQ:RMNI) posted its earnings results on Wednesday, October, 30th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The company had revenue of $104.67 million for the quarter, compared to analysts' expectations of $99.39 million. Rimini Street had a negative trailing twelve-month return on equity of 83.26% and a negative net margin of 7.87%.

Who are Rimini Street's major shareholders?

Top institutional investors of Rimini Street include Brooktree Capital Management (3.86%), Diamond Hill Capital Management Inc. (2.03%), Geode Capital Management LLC (1.33%) and State Street Corp (1.12%). Insiders that own company stock include Brian Slepko, Seth A Ravin, David W Rowe, Sebastian Grady, Michael L Perica, Steven Salaets, Gerard Brossard, Nancy Lyskawa and Kevin Maddock.
View institutional ownership trends.

How do I buy shares of Rimini Street?

Shares of RMNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Rimini Street own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Rimini Street investors own include Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Home Depot (HD), Meta Platforms (META), Netflix (NFLX) and NVIDIA (NVDA).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:RMNI
• CUSIP: N/A
• CIK: 1635282
• Web: www.riministreet.com
• Phone: (702) 839-9671
• Fax: N/A
• Employees: 2,120
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.25
• High Stock Price Target: $6.00
• Low Stock Price Target: $4.50
• Potential Upside/Downside: +108.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.37)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 6.81
• P/E Growth: N/A
• Net Income: $26.06 million
• Net Margins: -7.87%
• Pretax Margin: -8.96%
• Return on Equity: -83.26%
• Return on Assets: 10.79%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.71
• Quick Ratio: 0.71

Sales & Book Value

• Annual Sales: $426.65 million
• Price / Sales: 0.54
• Cash Flow: $0.63 per share
• Price / Cash Flow: 3.99
• Book Value: ($0.44) per share
• Price / Book: -5.73

Miscellaneous

• Outstanding Shares: 90,920,000
• Free Float: 53,643,000
• Market Cap: $229.12 million
• Optionable: Optionable
• Beta: 1.34