Stephens Reaffirms Their Hold Rating on RingCentral (RNG)


In a report released today, Dmitry Netis from Stephens maintained a Hold rating on RingCentral (RNG), with a price target of $110. The company’s shares closed yesterday at $121.06, close to its 52-week high of $121.28.

According to TipRanks.com, Netis is ranked #272 out of 5194 analysts.

RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $122.08.

See today’s analyst top recommended stocks >>

Based on RingCentral’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.36 million. In comparison, last year the company had a GAAP net loss of $2.72 million.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative 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.

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. Its solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts