Rimini Street (RMNI) to Release Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $102.57 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Rimini Street Trading Down 2.5 %

NASDAQ RMNI opened at $3.50 on Thursday. The stock’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $2.19. The company has a market cap of $318.22 million, a PE ratio of -9.46 and a beta of 1.31. Rimini Street has a 1 year low of $1.53 and a 1 year high of $3.75.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Rimini Street

In other Rimini Street news, CEO Seth A. Ravin sold 14,375 shares of Rimini Street stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $2.20, for a total transaction of $31,625.00. Following the transaction, the chief executive officer now owns 444,914 shares of the company’s stock, valued at $978,810.80. The trade was a 3.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 33,867 shares of company stock valued at $83,982 in the last 90 days. 41.00% of the stock is currently owned by corporate insiders.

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.