RingCentral (NYSE:RNG) Stock Rating Upgraded by Zacks Research

RingCentral (NYSE:RNG) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Mizuho boosted their price objective on shares of RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Robert W. Baird raised their target price on shares of RingCentral from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Morgan Stanley boosted their price target on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $36.00 price target on shares of RingCentral in a research note on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, RingCentral currently has an average rating of “Hold” and a consensus price target of $34.04.

RingCentral Price Performance

RNG stock opened at $39.71 on Wednesday. The company’s 50 day simple moving average is $29.68 and its 200-day simple moving average is $29.37. RingCentral has a 12 month low of $20.58 and a 12 month high of $40.93. The firm has a market capitalization of $3.44 billion, a PE ratio of 82.73, a P/E/G ratio of 1.54 and a beta of 1.14.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The firm had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. During the same quarter in the prior year, the firm earned $0.98 EPS. RingCentral’s quarterly revenue was up 4.8% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, sell-side analysts anticipate that RingCentral will post 1.29 earnings per share for the current year.

Insider Transactions at RingCentral

In other news, CAO Tarun Arora sold 3,723 shares of RingCentral stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $36.14, for a total value of $134,549.22. Following the transaction, the chief accounting officer directly owned 84,332 shares of the company’s stock, valued at $3,047,758.48. The trade was a 4.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vladimir Shmunis sold 95,831 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the sale, the chief executive officer directly owned 126,685 shares of the company’s stock, valued at approximately $4,508,719.15. This trade represents a 43.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 250,686 shares of company stock worth $8,865,429 over the last ninety days. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On RingCentral

Several institutional investors have recently bought and sold shares of RNG. Vanguard Group Inc. raised its stake in shares of RingCentral by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock valued at $335,082,000 after acquiring an additional 129,444 shares during the period. Capital World Investors raised its position in RingCentral by 20.9% in the third quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock valued at $332,598,000 after purchasing an additional 2,031,861 shares during the period. LSV Asset Management lifted its stake in shares of RingCentral by 142.4% during the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock worth $82,935,000 after purchasing an additional 1,686,900 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of RingCentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after buying an additional 523,966 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of RingCentral in the third quarter worth about $53,365,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

RingCentral Company Profile

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.