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Rimini Street Inc (RMNI) Receives a Rating Update from a Top Analyst


Cowen & Co. analyst Derrick Wood maintained a Buy rating on Rimini Street Inc (RMNI) today and set a price target of $11.50. The company’s shares closed yesterday at $6.45.

According to TipRanks.com, Wood is a top 100 analyst with an average return of 24.6% and a 73.8% success rate. Wood covers the Technology sector, focusing on stocks such as Salesforce.com, Hortonworks, and Alteryx Inc.

Rimini Street Inc has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.

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The company has a one-year high of $9.23 and a one-year low of $4. Currently, Rimini Street Inc has an average volume of 81.74K.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rimini Street, Inc. is engaged in the provision of enterprise software support products and services. Its services include support program features; product support; global tax, legal and regulatory updated; security support; proactive support; advanced technical; strategic roadmap; account management; and onboarding & archiving.