RingCentral, Inc. (RNG) – What Are Researchers Thinking About This Stock?

Shares of RingCentral, Inc. (NYSE:RNG) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat 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 twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $56.00.

A number of research firms recently commented on RNG. Weiss Ratings raised shares of RingCentral from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada began coverage on shares of RingCentral in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $85.00 price target for the company. Oppenheimer upped their price objective on shares of RingCentral from $50.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, September 1st. Wells Fargo & Company upped their price objective on shares of RingCentral from $43.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 25th. Finally, Mizuho raised their price objective on RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th.

RingCentral Stock Up 5.2%

RNG stock opened at $79.37 on Tuesday. The business has a 50 day moving average price of $72.64 and a 200 day moving average price of $53.12. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 63.50, a PEG ratio of 1.31 and a beta of 1.10. RingCentral has a fifty-two week low of $24.14 and a fifty-two week high of $81.90.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $657.01 million for the quarter, compared to analyst estimates of $650.53 million. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 earnings per share. 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, sell-side analysts anticipate that RingCentral will post 2.89 EPS for the current year.

RingCentral Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a dividend of $0.1250 per share. The ex-dividend date was Thursday, August 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.6%. This is a boost from RingCentral’s previous quarterly dividend of $0.0750. RingCentral’s dividend payout ratio (DPR) is 40.00%.

Insider Activity

In other RingCentral news, CFO Vaibhav Agarwal sold 7,046 shares of RingCentral stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $72.10, for a total transaction of $508,016.60. Following the transaction, the chief financial officer owned 146,700 shares of the company’s stock, valued at $10,577,070. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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. Also, Director Amy Shenkan sold 1,264 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $78.89, for a total value of $99,716.96. Following the completion of the sale, the director owned 28,108 shares of the company’s stock, valued at approximately $2,217,440.12. This represents a 4.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 84,625 shares of company stock worth $6,024,953 over the last ninety days. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of RingCentral

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake 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 acquiring an additional 196 shares during the period. Elevation Wealth Partners LLC increased its position in RingCentral by 119.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 546 shares of the software maker’s stock worth $41,000 after purchasing an additional 297 shares during the period. WealthCollab LLC grew its holdings in RingCentral by 59.7% during the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after acquiring an additional 259 shares during the period. Meeder Asset Management Inc. raised its position in RingCentral by 127.3% in the first quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in RingCentral by 70.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after acquiring an additional 424 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

RingCentral Company Profile

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.