Media coverage about RingCentral (NYSE:RNG) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RingCentral earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.3611632001275 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research analysts recently commented on RNG shares. Northland Securities reaffirmed an “outperform” rating and issued a $46.00 target price (up from $43.00) on shares of RingCentral in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of RingCentral from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, October 4th. Jefferies Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of RingCentral in a research report on Thursday, October 19th. Bank of America increased their target price on shares of RingCentral from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Oppenheimer increased their target price on shares of RingCentral from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.14.

Shares of RingCentral (NYSE:RNG) traded up $0.25 during trading hours on Friday, reaching $47.55. 396,402 shares of the company were exchanged, compared to its average volume of 451,475. The firm has a market cap of $3,680.00, a PE ratio of -132.08 and a beta of 0.80. RingCentral has a 12-month low of $21.00 and a 12-month high of $49.95.

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The firm had revenue of $129.76 million during the quarter, compared to analysts’ expectations of $126.06 million. RingCentral had a negative net margin of 5.80% and a negative return on equity of 17.97%. RingCentral’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. sell-side analysts predict that RingCentral will post -0.33 EPS for the current year.

In other news, insider Praful Shah sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $48.61, for a total value of $486,100.00. Following the completion of the sale, the insider now owns 296,050 shares in the company, valued at approximately $14,390,990.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sipes sold 7,800 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $43.32, for a total transaction of $337,896.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 304,742 shares of company stock valued at $14,203,450. 14.53% of the stock is owned by company insiders.

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RingCentral Company Profile

RingCentral, Inc is a provider of software-as-a-service (SaaS) solutions for businesses to support modern communications. The Company’s cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax.

Insider Buying and Selling by Quarter for RingCentral (NYSE:RNG)

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