Craig-Hallum analyst Jeff Van Rhee assigned a Hold rating to the stock today. The company’s shares closed yesterday at $3.12.
Van Rhee covers the Technology sector, focusing on stocks such as Rimini Street, Cellebrite DI, and Alkami Technology. According to TipRanks, Van Rhee has an average return of 9.0% and a 48.33% success rate on recommended stocks.
In addition to Craig-Hallum, Rimini Street also received a Hold from TD Cowen’s Derrick Wood in a report issued on February 29. However, on the same day, Alliance Global Partners maintained a Buy rating on Rimini Street (NASDAQ: RMNI).
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Based on Rimini Street’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $107.45 million and a net profit of $6.8 million. In comparison, last year the company earned a revenue of $101.93 million and had a GAAP net loss of $405 thousand
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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.
Read More on RMNI:
- Rimini Street price target raised to $5.50 from $4.75 at Alliance Global Partners
- Rimini Street reports Q4 EPS 10c, consensus 11c
- Rimini Street Inc: Navigating Financial Disclosures and Strategic Insights
- RMNI Earnings this Week: How Will it Perform?
- Rimini Street appoints Gertrude Van Horn EVP and CIO
