In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Hold rating on Rimini Street (RMNI – Research Report). The company’s shares closed yesterday at $2.76.
According to TipRanks, Van Rhee is a 4-star analyst with an average return of 7.0% and a 45.12% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Cellebrite DI, Liveperson, and BlackSky Technology.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rimini Street with a $4.50 average price target.
The company has a one-year high of $5.32 and a one-year low of $2.01. Currently, Rimini Street has an average volume of 245.8K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RMNI in relation to earlier this year.
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Rimini Street (RMNI) Company Description:
Rimini Street, Inc. engages in the provision of enterprise software support products and services. It offers product support; global tax, legal, and regulatory update; security support; proactive support; advanced technology; license advisory; and onboarding and archiving. The company was founded by Seth A. Ravin and Thomas C. Shay on September 8, 2005 and is headquartered in Las Vegas, NV.
