RingCentral, Inc. (NYSE:RNG) Receives Consensus Rating of “Hold” from Brokerages

Shares of RingCentral, Inc. (NYSE:RNG) have been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $34.0417.

RNG has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Piper Sandler raised their target price on RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of RingCentral in a research report on Monday, December 29th. UBS Group set a $38.00 price objective on RingCentral in a research report on Friday, February 20th. Finally, Zacks Research lowered RingCentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd.

Insider Activity

In related news, COO Kira Makagon sold 22,196 shares of RingCentral stock in a transaction on Friday, February 27th. The shares were sold at an average price of $35.15, for a total transaction of $780,189.40. Following the completion of the transaction, the chief operating officer owned 339,545 shares of the company’s stock, valued at $11,935,006.75. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tarun Arora sold 773 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $34.80, for a total transaction of $26,900.40. Following the sale, the chief accounting officer directly owned 96,179 shares in the company, valued at $3,347,029.20. This trade represents a 0.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 228,283 shares of company stock valued at $8,052,235. 7.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RingCentral

Several large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in shares of RingCentral by 98.5% in the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after acquiring an additional 447 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of RingCentral by 269.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock valued at $29,000 after purchasing an additional 738 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of RingCentral during the 3rd quarter worth about $30,000. Jones Financial Companies Lllp grew its stake in shares of RingCentral by 61.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after buying an additional 464 shares during the period. Finally, Covestor Ltd increased its position in RingCentral by 198.5% in the 4th quarter. Covestor Ltd now owns 1,594 shares of the software maker’s stock valued at $46,000 after buying an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

RingCentral Trading Down 2.4%

Shares of RNG stock opened at $36.26 on Monday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 75.54, a PEG ratio of 1.44 and a beta of 1.14. The business’s 50-day moving average price is $28.98 and its 200-day moving average price is $29.14. RingCentral has a 12 month low of $20.58 and a 12 month high of $40.64.

RingCentral (NYSE:RNG) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 29.05%. The business had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. During the same quarter last year, the business earned $0.98 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. On average, sell-side analysts predict that RingCentral will post 1.29 earnings per share for the current fiscal year.

RingCentral Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.