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.
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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.
