RingCentral, Inc. (NYSE:RNG) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of RingCentral, Inc. (NYSE:RNG) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.00.

Several equities analysts have commented on RNG shares. Mizuho upped their price objective on shares of RingCentral from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Piper Sandler increased their price objective on shares of RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Wells Fargo & Company raised their target price on shares of RingCentral from $43.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada began coverage on shares of RingCentral in a report on Thursday, September 3rd. They set an “outperform” rating and a $85.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $50.00 target price on shares of RingCentral in a report on Friday, July 24th.

Insider Activity

In other news, CAO Tarun Arora sold 4,172 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $70.36, for a total value of $293,541.92. Following the transaction, the chief accounting officer owned 65,692 shares of the company’s stock, valued at approximately $4,622,089.12. This represents a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 7,046 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $72.10, for a total value of $508,016.60. Following the transaction, the chief financial officer owned 146,700 shares in the company, valued at approximately $10,577,070. This trade represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 84,625 shares of company stock valued at $6,024,953. Company insiders own 7.30% of the company’s stock.

Institutional Trading of RingCentral

Institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in shares of RingCentral by 128.1% during the third quarter. Fortitude Family Office LLC now owns 349 shares of the software maker’s stock worth $26,000 after buying an additional 196 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of RingCentral by 119.3% in the third quarter. Elevation Wealth Partners LLC now owns 546 shares of the software maker’s stock valued at $41,000 after acquiring an additional 297 shares in the last quarter. WealthCollab LLC grew its stake in shares of RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of RingCentral by 127.3% in the first quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in RingCentral by 70.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after acquiring an additional 424 shares during the period. 98.61% of the stock is currently owned by institutional investors.

RingCentral Stock Down 5.6%

RNG opened at $75.46 on Tuesday. RingCentral has a 12-month low of $24.14 and a 12-month high of $81.90. The business has a 50 day moving average of $72.34 and a 200-day moving average of $52.71. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 60.37, a PEG ratio of 1.31 and a beta of 1.10.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%. The business had revenue of $657.01 million for the quarter, compared to analyst estimates of $650.53 million. During the same period in the previous year, the firm earned $1.06 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, analysts expect that RingCentral will post 2.89 earnings per share for the current year.

RingCentral Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 0.7%. This is a boost from RingCentral’s previous quarterly dividend of $0.0750. The ex-dividend date was Thursday, August 6th. RingCentral’s dividend payout ratio (DPR) is 40.00%.

About RingCentral

RingCentral, Inc provides cloud-based business communications and collaboration solutions. Its platform helps organizations manage voice communications, team messaging, video meetings, contact center operations and customer interactions through internet-based services rather than traditional on-premises systems.

The company’s offerings include RingCentral RingEX, a unified communications platform combining business phone service, messaging and video; RingCentral Video for meetings and collaboration; and RingCentral Contact Center, which supports customer service operations across voice and digital channels.