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

Wall Street Zen upgraded shares of Rimini Street (NASDAQ:RMNI) from a hold rating to a buy rating in a research report released on Saturday.

Several other research analysts have also weighed in on the company. Zacks Research raised Rimini Street from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings cut Rimini Street from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. TD Cowen lifted their target price on Rimini Street from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Rimini Street in a report 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’s stock. According to data from MarketBeat.com, Rimini Street presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Rimini Street Stock Down 2.0%

Shares of NASDAQ RMNI opened at $4.81 on Friday. The company has a market capitalization of $445.21 million, a PE ratio of 60.13 and a beta of 1.28. Rimini Street has a twelve month low of $2.87 and a twelve month high of $5.06. The firm 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 results on Thursday, April 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Rimini Street had a net margin of 1.69% and a negative return on equity of 49.20%. The firm had revenue of $105.47 million for the quarter, compared to the consensus estimate of $102.71 million. As a group, equities analysts expect that Rimini Street will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Rimini Street

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

Institutional Investors Weigh In On Rimini Street

Several institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in Rimini Street during the 1st quarter valued at $134,000. AQR Capital Management LLC grew its stake in shares of Rimini Street by 243.9% in the 1st 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 in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Rimini Street in the 1st quarter worth $271,000. NewEdge Advisors LLC purchased a new stake in shares of Rimini Street in the first quarter valued at about $66,000. Finally, Jane Street Group LLC raised its holdings in shares of Rimini Street by 120.2% in the first quarter. Jane Street Group LLC now owns 33,179 shares of the company’s stock valued at $115,000 after purchasing an additional 18,112 shares during the last quarter. Institutional investors own 73.75% of the company’s stock.

Key Headlines Impacting Rimini Street

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.