In last trading session, Rimini Street Inc (NASDAQ:RMNI) saw 0.35 million shares changing hands with its beta currently measuring 1.23. Company’s recent per share price level of $4.03 trading at $0.17 or 4.40% at ring of the bell on the day assigns it a market valuation of $367.92M. That closing price of RMNI’s stock is at a discount of -1.24% from its 52-week high price of $4.08 and is indicating a premium of 62.03% from its 52-week low price of $1.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.42 million shares which gives us an average trading volume of 383.15K if we extend that period to 3-months.
For Rimini Street Inc (RMNI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Rimini Street Inc (NASDAQ:RMNI) trade information
Upright in the green during last session for gaining 4.40%, in the last five days RMNI remained trading in the green while hitting it’s week-highest on Thursday, 03/13/25 when the stock touched $4.03 price level, adding 1.23% to its value on the day. Rimini Street Inc’s shares saw a change of 50.94% in year-to-date performance and have moved 9.51% in past 5-day. Rimini Street Inc (NASDAQ:RMNI) showed a performance of 36.15% in past 30-days. Number of shares sold short was 0.8 million shares which calculate 2.96 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 38.0% to its current value. Analysts have been projecting 6.5 as a low price target for the stock while placing it at a high target of 6.5. It follows that stock’s current price would drop -61.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -61.29% for stock’s current value.
Rimini Street Inc (RMNI) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -27.32% during past 5 years.
Rimini Street Inc (NASDAQ:RMNI)’s Major holders
Insiders are in possession of 21.60% of company’s total shares while institution are holding 64.84 percent of that, with stock having share float percentage of 82.71%. Investors also watch the number of corporate investors in a company very closely, which is 64.84% institutions for Rimini Street Inc that are currently holding shares of the company. ADAMS STREET PARTNERS LLC is the top institutional holder at RMNI for having 23.57 million shares of worth $72.35 million. And as of 2024-06-30, it was holding 26.0406 of the company’s outstanding shares.
The second largest institutional holder is CONIFER MANAGEMENT, L.L.C., which was holding about 5.91 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5343 of outstanding shares, having a total worth of $18.15 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 2.19 shares of worth $8.81 million or 2.39% of the total outstanding shares. The later fund manager was in possession of 1.36 shares on Dec 31, 2024 , making its stake of worth around $5.48 million in the company or a holder of 1.49% of company’s stock.
