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Rimini Street ( (RMNI) ) has shared an announcement.
Rimini Street, Inc. announced the appointment of Vijay Kumar as Chief Operating Officer, effective May 6, 2025. With over 25 years of experience in technology and leadership roles at companies like Genesys Cloud and HP Software, Kumar’s appointment is expected to enhance the company’s operational capabilities and market position. His compensation package includes a base salary, incentive compensation, and equity awards, reflecting the company’s commitment to attracting top talent.
The most recent analyst rating on (RMNI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.
Spark’s Take on RMNI Stock
According to Spark, TipRanks’ AI Analyst, RMNI is a Neutral.
Rimini Street’s overall stock score reflects the company’s significant financial challenges, including negative profit margins and cash flow issues, which are major concerns. Technical analysis shows mixed signals with potential for improvement, but valuation remains unattractive due to a negative P/E ratio. While the earnings call provided some positive strategic insights, these are counterbalanced by revenue declines and litigation costs.
To see Spark’s full report on RMNI stock, click here.
More about Rimini Street
Rimini Street, Inc. operates in the technology industry, providing enterprise software support services. The company focuses on delivering support for various software platforms, including SaaS and AI, catering to both B2B and B2C markets.
Average Trading Volume: 301,968
Technical Sentiment Signal: Buy
Current Market Cap: $306.6M
For a thorough assessment of RMNI stock, go to TipRanks’ Stock Analysis page.