RingCentral (NYSE:RNG) Receives Buy Rating from Rosenblatt Securities

RingCentral (NYSE:RNG)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $50.00 price objective on the software maker’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 29.48% from the company’s current price.

Several other analysts have also weighed in on the company. Robert W. Baird set a $45.00 price objective on RingCentral in a report on Friday, May 8th. Piper Sandler restated a “neutral” rating on shares of RingCentral in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 target price on shares of RingCentral in a research report on Saturday, May 9th. Wells Fargo & Company lifted their price target on shares of RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley boosted their price target on shares of RingCentral from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.00.

RingCentral Stock Performance

NYSE RNG opened at $38.62 on Friday. RingCentral has a twelve month low of $23.59 and a twelve month high of $49.85. The stock has a market cap of $3.24 billion, a PE ratio of 41.08, a PEG ratio of 1.11 and a beta of 1.14. The firm has a 50-day simple moving average of $40.27 and a 200 day simple moving average of $36.70.

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $657.01 million for the quarter, compared to analyst estimates of $650.53 million. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company 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. Research analysts forecast that RingCentral will post 2.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RingCentral news, CFO Vaibhav Agarwal sold 7,047 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $46.17, for a total transaction of $325,359.99. Following the completion of the transaction, the chief financial officer directly owned 169,282 shares in the company, valued at $7,815,749.94. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, COO Kira Makagon sold 16,988 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $42.54, for a total transaction of $722,669.52. Following the completion of the sale, the chief operating officer owned 212,724 shares in the company, valued at $9,049,278.96. This represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,498 shares of company stock worth $1,892,586 in the last 90 days. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of RingCentral

Several large investors have recently added to or reduced their stakes in RNG. LSV Asset Management boosted its holdings in shares of RingCentral by 142.4% in the 4th quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock worth $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of RingCentral by 35.4% during the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after purchasing an additional 523,966 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of RingCentral by 150.4% in the first quarter. Quantinno Capital Management LP now owns 1,976,995 shares of the software maker’s stock valued at $73,524,000 after buying an additional 1,187,437 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in RingCentral during the 3rd quarter worth about $53,365,000. Finally, Marshall Wace LLP increased its position in RingCentral by 4.4% in the 3rd quarter. Marshall Wace LLP now owns 1,794,978 shares of the software maker’s stock valued at $50,870,000 after acquiring an additional 75,709 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

RingCentral News Summary

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral beat Wall Street estimates in Q2, posting adjusted EPS of $1.22 versus expectations around $1.16-$1.17 and revenue of $657.0 million, above estimates. RingCentral Q2 2026 Earnings Report
• Positive Sentiment: The company lifted third-quarter guidance and full-year 2026 guidance above consensus, which signals management is seeing continued demand and better profitability ahead.
• Positive Sentiment: RingCentral announced expanded strategic partnerships with NiCE and OpenAI, reinforcing its AI-focused product strategy and potentially improving long-term growth prospects. NiCE and RingCentral Expand Strategic Partnership
• Positive Sentiment: Commentary around AI sales momentum and stronger free cash flow has supported the stock, with some analysts pointing to attractive valuation and improving retention in AI contact center products. Seeking Alpha Article
• Neutral Sentiment: RingCentral also declared a higher quarterly dividend of $0.125 per share, up 66.7% from $0.07, which may appeal to income investors but is not the main driver of the stock today.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.