Rimini Street (NASDAQ:RMNI) Stock Rating Raised to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Rimini Street (NASDAQ:RMNI) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

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

Rimini Street Stock Performance

Shares of RMNI stock opened at $4.96 on Friday. The firm has a market capitalization of $463.07 million, a price-to-earnings ratio of 41.34 and a beta of 1.31. Rimini Street has a one year low of $2.87 and a one year high of $5.68. The company has a 50 day moving average price of $4.48 and a 200 day moving average price of $4.04.

Rimini Street (NASDAQ:RMNI) last issued its earnings results on Thursday, October 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $109.34 million for the quarter, compared to analyst estimates of $110.82 million. Rimini Street had a negative return on equity of 81.86% and a net margin of 2.51%. As a group, equities analysts forecast that Rimini Street will post 0.22 EPS for the current fiscal year.

Insider Transactions at Rimini Street

In other Rimini Street news, CEO Seth Ravin sold 89,639 shares of Rimini Street stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $5.02, for a total transaction of $449,987.78. Following the transaction, the chief executive officer owned 10,168,602 shares of the company’s stock, valued at $51,046,382.04. The trade was a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 327,591 shares of company stock valued at $1,677,747. 42.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rimini Street

A number of institutional investors have recently modified their holdings of RMNI. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Rimini Street during the 3rd quarter valued at about $53,000. AXQ Capital LP bought a new stake in shares of Rimini Street in the 2nd quarter valued at approximately $90,000. Public Employees Retirement System of Ohio acquired a new position in Rimini Street in the second quarter worth approximately $158,000. Corient Private Wealth LP acquired a new position in Rimini Street in the second quarter worth approximately $427,000. Finally, Bank of America Corp DE acquired a new position in Rimini Street in the second quarter worth approximately $146,000. Institutional investors and hedge funds own 73.75% of the company’s stock.

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.