Rimini Street (NASDAQ:RMNI) Raised to Strong-Buy at Wall Street Zen

Rimini Street (NASDAQ:RMNI) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded Rimini Street from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Rimini Street in a report on Friday, October 2nd. Roth Capital reiterated a “buy” rating and issued a $6.50 price target on shares of Rimini Street in a research note on Thursday, July 30th. Finally, Craig Hallum reiterated a “buy” rating and issued a $8.00 target price on shares of Rimini Street in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Rimini Street has an average rating of “Moderate Buy” and an average target price of $6.33.

Rimini Street Price Performance

Shares of NASDAQ RMNI opened at $4.96 on Friday. Rimini Street has a 52 week low of $2.87 and a 52 week high of $5.68. The firm’s fifty day moving average is $4.48 and its 200 day moving average is $4.04. The company has a market cap of $463.05 million, a price-to-earnings ratio of 41.34 and a beta of 1.31.

Rimini Street (NASDAQ:RMNI) last announced its earnings results on Thursday, October 29th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Rimini Street had a net margin of 2.51% and a negative return on equity of 81.86%. The firm had revenue of $109.34 million for the quarter, compared to analyst estimates of $110.82 million. Equities research analysts anticipate that Rimini Street will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other Rimini Street news, CEO Seth Ravin sold 89,639 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $5.02, for a total transaction of $449,987.78. Following the completion of the sale, the chief executive officer directly owned 10,168,602 shares of the company’s stock, valued at approximately $51,046,382.04. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 327,591 shares of company stock worth $1,677,747 over the last three months. 42.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rimini Street

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Rimini Street during the second quarter valued at approximately $49,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Rimini Street in the third quarter worth $53,000. AXQ Capital LP purchased a new stake in shares of Rimini Street in the second quarter worth $90,000. Bank of America Corp DE bought a new stake in shares of Rimini Street during the 2nd quarter valued at $146,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Rimini Street during the 2nd quarter valued at $158,000. 73.75% of the stock is owned by hedge funds and other institutional investors.

Key Rimini Street News

Here are the key news stories impacting Rimini Street this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. Rimini Street reported third-quarter EPS of $0.12, above the $0.09-$0.10 analyst consensus and up from $0.08 a year earlier. Rimini Street Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Revenue growth and record sales supported the bullish reaction. The company reported third-quarter revenue of approximately $112.1 million, with coverage describing the result as a revenue-estimate beat and continued growth. Rimini Street reports third quarter 2026 revenue
• Positive Sentiment: Management provided a favorable near-term outlook. Rimini Street expects fourth-quarter 2026 revenue of $117 million to $119 million and reiterated its fiscal 2026 “Rule of 20” guidance, signaling confidence in balancing growth and profitability. Rimini Street Q4 revenue outlook and Rule of 20 guidance
• Neutral Sentiment: Profitability remains a consideration. Although EPS beat estimates, reported net margin was only 1.69% and return on equity remained negative, so investors may continue to focus on margin expansion and the sustainability of earnings growth. Rimini Street fiscal third-quarter financial and operating results

About Rimini Street

Rimini Street, Inc provides enterprise software support, products and services for organizations using business applications and database systems. The company is best known for third-party support for software from Oracle, SAP and other enterprise technology providers, helping customers maintain existing systems while reducing the need for frequent upgrades.

Its offerings include application management, database support, interoperability services, security services, managed services and professional services.