Rimini Street (RMNI) Projected to Post Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is projected to release its earnings data 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Rimini Street Trading Up 0.6 %

Shares of NASDAQ:RMNI opened at $3.18 on Tuesday. The stock’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $2.23. Rimini Street has a 12-month low of $1.53 and a 12-month high of $3.75. The firm has a market cap of $289.13 million, a price-to-earnings ratio of -8.59 and a beta of 1.31.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

About Rimini Street

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.