In the last trading session, 0.16 million Rimini Street Inc (NASDAQ:RMNI) shares changed hands as the company’s beta touched 1.31. With the company’s per share price at $2.79 changed hands at $0.06 or 2.20% during last session, the market valuation stood at $254.57M. RMNI’s last price was a discount, traded about -22.94% off its 52-week high of $3.43. The share price had its 52-week low at $1.53, which suggests the last value was 45.16% up since then. When we look at Rimini Street Inc’s average trading volume, we note the 10-day average is 0.81 million shares, with the 3-month average coming to 354.20K.
Analysts gave the Rimini Street Inc (RMNI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended RMNI as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Rimini Street Inc (NASDAQ:RMNI) trade information
Instantly RMNI was in green as seen at the end of in last trading. With action 2.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.37%, with the 5-day performance at 2.94% in the green. However, in the 30-day time frame, Rimini Street Inc (NASDAQ:RMNI) is 40.00% up. Looking at the short shares, we see there were 1.44 million shares sold at short interest cover period of 4.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 7.0% from its current market value. According to analyst projections, RMNI’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -7.53% plunge from its current level, while the stock would need to soar -7.53% for it to hit the projected low.
Rimini Street Inc (RMNI) estimates and forecasts
Data shows that the Rimini Street Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.04% over the past 6 months, a -12.96% in annual growth rate that is considerably lower than the industry average of 26.10%.
The 2024 estimates are for Rimini Street Inc earnings to decrease by -14.77%, but the outlook for the next 5-year period is at 10.00% per year.
RMNI Dividends
Rimini Street Inc is expected to release its next quarterly earnings report in January.
Rimini Street Inc (NASDAQ:RMNI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.64% of Rimini Street Inc shares while 66.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.40%. There are 66.92% institutions holding the Rimini Street Inc stock share, with ADAMS STREET PARTNERS LLC the top institutional holder. As of 2024-06-30, the company held 26.2556% of the shares, roughly 23.57 million RMNI shares worth $72.35 million.
CONIFER MANAGEMENT, L.L.C. holds the second largest percentage of outstanding shares, with 6.5882% or 5.91 million shares worth $18.15 million as of 2024-06-30.
