Equities analysts expect that Rimini Street Inc (NASDAQ:RMNI) will report earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Rimini Street’s earnings. The business is scheduled to announce its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Rimini Street will report full year earnings of ($0.28) per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.12 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Rimini Street.

Rimini Street (NASDAQ:RMNI) last posted its earnings results on Thursday, November 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.08. The business had revenue of $62.63 million for the quarter.

Separately, Zacks Investment Research raised shares of Rimini Street from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Thursday, November 29th.

In other Rimini Street news, SVP Kevin Maddock sold 92,427 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $5.42, for a total value of $500,954.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Sebastian Grady sold 3,882 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $7.01, for a total transaction of $27,212.82. The disclosure for this sale can be found here. Insiders sold 379,681 shares of company stock valued at $2,119,779 in the last ninety days.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc grew its position in Rimini Street by 192.0% in the third quarter. Vanguard Group Inc now owns 603,813 shares of the company’s stock valued at $3,810,000 after acquiring an additional 397,057 shares in the last quarter. Marshall Wace LLP acquired a new stake in Rimini Street in the third quarter valued at approximately $219,000. Vanguard Group Inc. grew its position in Rimini Street by 192.0% in the third quarter. Vanguard Group Inc. now owns 603,813 shares of the company’s stock valued at $3,810,000 after acquiring an additional 397,057 shares in the last quarter. Morgan Stanley grew its position in shares of Rimini Street by 83.2% during the third quarter. Morgan Stanley now owns 733,421 shares of the company’s stock worth $4,627,000 after buying an additional 333,141 shares in the last quarter. Finally, Kingstown Capital Management L.P. grew its position in shares of Rimini Street by 275.0% during the third quarter. Kingstown Capital Management L.P. now owns 1,125,000 shares of the company’s stock worth $7,099,000 after buying an additional 825,000 shares in the last quarter. 43.40% of the stock is owned by institutional investors.

NASDAQ:RMNI traded down $0.03 during trading hours on Friday, hitting $4.74. The stock had a trading volume of 16,800 shares, compared to its average volume of 55,319. Rimini Street has a 1-year low of $4.00 and a 1-year high of $8.94.

Rimini Street Company Profile

Rimini Street, Inc provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific.

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