Would You Buy Ringcentral, Inc. (NYSE:RNG) On These Analyst Ratings?

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29 May, 2017

MORN's SI was 191,700 shares in May as released by FINRA. Its down 9.75% from 2.21 million shares previously. About 1.22 million shares traded. The SI to Ringcentral Incorporated's float is 3.36%. The stock decreased 0.34% or $0.25 during the last trading session, reaching $72.73.

About 167,115 shares traded. (NASDAQ:MORN) has declined 10.17% since May 25, 2016 and is downtrending. It has underperformed by 23.01% the S&P500. The shares were sold at an average price of $34.06, for a total value of $170,300.00. That was according to the filing revealed price of $34.1 per share. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The Firm develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products. It now has negative earnings.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.06, from 1.04 in 2016Q3. Bnp Paribas Arbitrage has invested 0% in Morningstar, Inc. 20 funds opened positions while 52 raised stakes.

Intl Group Inc Inc reported 33,710 shares. Bridgeway Management Inc stated it has 11,600 shares. (NASDAQ:MTEX). Morgan Stanley owns 61 shares. Us Fincl Bank De reported 2,222 shares. (NASDAQ:MTEX) for 141 shares. Rhumbline Advisers holds 63,048 shares. $209,700 worth of RingCentral Inc (NYSE:RNG) was sold by Shah Praful. It is positive, as 14 investors sold RingCentral Inc shares while 53 reduced holdings. Moreover, Nationwide Fund has 0% invested in Mannatech, Inc. Barclays Pcl reported 18,818 shares. 199,260 are held by Renaissance Technologies Lc. 65,544 are owned by Marshall Wace Ltd Liability Partnership. 75,590 were reported by Blackrock Institutional Na. Cortina Asset Mngmt Ltd Liability owns 377,456 shares. Blackrock Fund Advisors holds 0% of its portfolio in Mannatech, Inc. Raymond James & Assocs reported 21,306 shares.

Investors sentiment decreased to 1.13 in Q4 2016. Its up 0.06, from 1.04 in 2016Q3. 26 funds opened positions while 48 raised stakes. Macquarie Group Ltd has 151,000 shares for 0.01% of their portfolio. Art Limited Liability owns 30,500 shares or 0.04% of their United States portfolio. Analysts anticipate that RingCentral will post $0.16 earnings per share for the current year. Hsbc Plc owns 10,098 shares for 0% of their portfolio. Tiaa Cref Management Ltd Llc holds 483,046 shares. Blackrock holds 5,942 shares or 0% of its portfolio.

10/26/2016 - Ringcentral, Inc. had its " rating reiterated by analysts at Goldman Sachs. Ameriprise Fincl holds 0% or 56,199 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,339 shares. Secor Lp owns 58,490 shares for 0.15% of their portfolio. RingCentral updated its Q2 guidance to $0.02-0.04 EPS. Schwab Charles Invest Mngmt accumulated 252,441 shares. (NASDAQ:MORN). North Star Inv Mgmt has 0% invested in Morningstar, Inc.

RingCentral, Inc.is a provider of software-as-a-service solutions for businesses to support modern communications. The firm's market cap is $2.57 billion.

A number of equities research analysts have recently commented on the company. William Blair restated an "outperform" rating on shares of RingCentral in a research note on Monday. During the same period in the prior year, the business earned $0.01 EPS. The software maker reported ($0.09) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.09). One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company's stock. Therefore 100% are positive. $49,684 worth of RingCentral Inc (NYSE:RNG) was sold by Marlow John H on Tuesday, November 22. They issued a buy rating and a $36.00 price target on the stock. RingCentral had 22 analyst reports since July 21, 2015 according to SRatingsIntel. Dougherty & Co initiated coverage on RingCentral in a research note on Wednesday, April 26th.

12/09/2015 - Ringcentral, Inc. had its " rating reiterated by analysts at RBC Capital. The rating was maintained by Oppenheimer with "Outperform" on Friday, July 31. The company was downgraded on Thursday, December 17 by Morgan Stanley. The stock has "Buy" rating by Summit Redstone Partners on Tuesday, June 28.

RingCentral Inc (NYSE:RNG) EVP Kira Makagon sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 19th. The firm has "Neutral" rating by Robert W. Baird given on Friday, August 26. Oppenheimer maintained the stock with "Outperform" rating in Wednesday, December 16 report.

The stock decreased 0.29% or $0.1 during the last trading session, reaching $34.15.

Ringcentral, Inc. has a 50 day moving average of 31.10 and a 200 day moving average of 25.62. It has outperformed by 64.15% the S&P500.

Since November 29, 2016, it had 0 insider buys, and 11 selling transactions for $14.32 million activity. Michelle McKenna sold $383,063 worth of RingCentral Inc (NYSE:RNG) on Tuesday, March 7.

On 5/24/2017 Vladimir Shmunis, CEO, sold 88,454 with an average share price of $34.17 per share and the total transaction amounting to $3,022,473.18.

RNG has been the topic of several other reports.


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