Wall Street Zen Upgrades Rimini Street (NASDAQ:RMNI) to “Buy”

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

RMNI has been the topic of a number of other reports. Weiss Ratings lowered Rimini Street from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. TD Cowen increased their price target on Rimini Street from $4.50 to $5.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Zacks Research upgraded Rimini Street from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Alliance Global Partners restated a “buy” rating on shares of Rimini Street in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Rimini Street has a consensus rating of “Hold” and a consensus target price of $5.00.

Rimini Street Stock Performance

RMNI opened at $4.81 on Friday. Rimini Street has a twelve month low of $2.87 and a twelve month high of $5.06. The firm has a market cap of $445.21 million, a price-to-earnings ratio of 60.13 and a beta of 1.23. The company has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $3.78.

Rimini Street (NASDAQ:RMNI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The firm had revenue of $105.47 million during the quarter, compared to analyst estimates of $102.71 million. Rimini Street had a negative return on equity of 49.20% and a net margin of 1.69%. On average, analysts forecast that Rimini Street will post 0.27 earnings per share for the current fiscal year.

Insider Activity at Rimini Street

In other news, CFO Michael L. Perica sold 27,737 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $3.94, for a total value of $109,283.78. Following the completion of the sale, the chief financial officer owned 157,863 shares of the company’s stock, valued at approximately $621,980.22. The trade was a 14.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Seth A. Ravin sold 57,097 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $3.94, for a total transaction of $224,962.18. Following the completion of the sale, the chief executive officer owned 882,900 shares in the company, valued at approximately $3,478,626. This trade represents a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 105,799 shares of company stock valued at $416,848 in the last 90 days. 42.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RMNI. Immersion Corp bought a new stake in Rimini Street during the fourth quarter valued at $2,043,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Rimini Street by 9.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,857,512 shares of the company’s stock valued at $7,207,000 after buying an additional 159,673 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of Rimini Street during the 4th quarter valued at about $326,000. SG Americas Securities LLC bought a new stake in shares of Rimini Street during the 4th quarter valued at about $43,000. Finally, AQR Capital Management LLC raised its stake in Rimini Street by 243.9% during the first quarter. AQR Capital Management LLC now owns 36,360 shares of the company’s stock worth $127,000 after acquiring an additional 25,788 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.

Rimini Street News Summary

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

• Positive Sentiment: Rimini Street reported second-quarter revenue growth of approximately 6.7% year over year, with revenue of $108.0 million to $111.1 million depending on the reported data source, exceeding analyst expectations. Gross profit also increased 7.7% to $67.7 million. Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results
• Positive Sentiment: The company launched Rimini Govern for AI, a service designed to provide enterprise-wide governance, security, controls, interoperability and performance monitoring for AI agents. The product could expand Rimini Street’s addressable market and strengthen its positioning in enterprise AI services. Rimini Street Launches Rimini Govern for AI
• Positive Sentiment: Management forecast third-quarter revenue of $110 million–$112 million and maintained its fiscal 2026 revenue-growth target of 4%–6%. The full-year revenue outlook of $438.4 million–$446.8 million is broadly consistent with consensus expectations. Rimini Street Q3 2026 Revenue Outlook
• Neutral Sentiment: Rimini Street highlighted continued demand for its core Rimini Support offering and a customer, AUTOBACS SEVEN, marking 10 years of system stability and self-funded innovation using the company’s services. AUTOBACS SEVEN Customer Announcement
• Negative Sentiment: Profitability deteriorated substantially. Reported operating profit fell 84.5% to $6.4 million, net income declined 92.1% to $2.4 million, and diluted EPS was approximately $0.03, below the roughly $0.07 consensus estimate. Operating cash flow was negative $1.6 million, despite cash reserves rising to $123.8 million. Rimini Street Q2 2026 Earnings Analysis
• Negative Sentiment: Insider-trading data showed 20 reported insider sales and no purchases over the past six months, including sales by senior executives. This may add to caution around the stock, although insider sales can reflect planned diversification rather than a view on future performance.

Rimini Street Company Profile

Rimini Street, Inc (NASDAQ: RMNI) is a provider of enterprise software support services, specializing in third-party maintenance for mission-critical applications from leading technology vendors. The company offers comprehensive support for ERP, CRM and database environments, with coverage for systems from providers such as Oracle and SAP. Through its proactive system monitoring, performance tuning, regulatory and tax update services, Rimini Street aims to extend the lifecycle of enterprise applications while delivering service levels comparable to or exceeding those of original software vendors.

Founded in 2005 by technology entrepreneur Seth Ravin, Rimini Street has grown from a startup into a publicly traded company following its initial public offering in March 2018.