Rimini Street (RMNI) to Release Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Rimini Street to post earnings of $0.10 per share and revenue of $102.57 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Rimini Street Trading Down 4.4 %

Shares of Rimini Street stock opened at $3.04 on Wednesday. Rimini Street has a 1 year low of $1.53 and a 1 year high of $3.75. The company’s fifty day simple moving average is $2.87 and its 200-day simple moving average is $2.23. The company has a market cap of $276.40 million, a price-to-earnings ratio of -8.22 and a beta of 1.31.

Insider Transactions at Rimini Street

In other Rimini Street news, CEO Seth A. Ravin sold 14,375 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $2.20, for a total transaction of $31,625.00. Following the completion of the transaction, the chief executive officer now owns 444,914 shares in the company, valued at $978,810.80. This trade represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 33,867 shares of company stock valued at $83,982. Company insiders own 41.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised Rimini Street from a “hold” rating to a “buy” rating and lifted their target price for the stock from $2.00 to $6.00 in a research report on Tuesday, December 17th.

Rimini Street Company Profile

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.