In the latest trading session, 0.39 million Rimini Street Inc (NASDAQ:RMNI) shares changed hands as the company’s beta touched 1.32. With the company’s most recent per share price at $3.29 changing hands around $0.25 or 8.06% at last look, the market valuation stands at $298.68M. RMNI’s current price is a discount, trading about -13.98% off its 52-week high of $3.75. The share price had its 52-week low at $1.53, which suggests the last value was 53.5% up since then.
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. Rimini Street Inc’s EPS for the current quarter is expected to be 0.1.
Rimini Street Inc (NASDAQ:RMNI) trade information
Instantly RMNI is in green as seen in intraday trades today. With action -6.14%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 23.03%, with the 5-day performance at -6.14% in the red. However, in the 30-day time frame, Rimini Street Inc (NASDAQ:RMNI) is 14.06% up.
The consensus price target for the stock as assigned by Wall Street analysts is 5.75, meaning bulls need an upside of 42.78% from its recent market value. According to analyst projections, RMNI’s forecast low is 3 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -158.36% plunge from its current level, while the stock would need to tank 8.81% for it to hit the projected low.
Rimini Street Inc (RMNI) estimates and forecasts
Year-over-year growth is forecast to reach -3.35% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 102.56M. 4 analysts are of the opinion that Rimini Street Inc’s revenue for the current quarter will be 98.09M. The company’s revenue for the corresponding quarters a year ago was 112.11M and 106.75M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.51%. The estimates for the next quarter sales put growth at -8.11%.
The 2025 estimates are for Rimini Street Inc earnings to decrease by -14.77%.
Rimini Street Inc (NASDAQ:RMNI)’s Major holders
CONIFER MANAGEMENT, L.L.C. holds the second largest percentage of outstanding shares, with 6.5343% or 5.91 million shares worth $18.15 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.2 shares estimated at $7.2 million under it, the former controlled 2.42% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.55% of the shares, roughly 1.41 shares worth around $4.61 million.
