Recent Analysts’ Ratings Changes for RingCentral (RNG)

A number of firms have modified their ratings and price targets on shares of RingCentral (NYSE: RNG) recently:

• 5/19/2025 – RingCentral had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $32.00 price target on the stock.
• 5/13/2025 – RingCentral was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 5/12/2025 – RingCentral had its price target raised by analysts at Mizuho from $25.00 to $27.00. They now have a “neutral” rating on the stock.
• 5/9/2025 – RingCentral had its price target lowered by analysts at Raymond James from $40.00 to $35.00. They now have an “outperform” rating on the stock.
• 5/9/2025 – RingCentral had its price target lowered by analysts at UBS Group AG from $38.00 to $33.00. They now have a “neutral” rating on the stock.
• 5/9/2025 – RingCentral had its price target lowered by analysts at Wedbush from $38.00 to $30.00. They now have a “neutral” rating on the stock.
• 5/9/2025 – RingCentral had its price target raised by analysts at Piper Sandler from $25.00 to $28.00. They now have a “neutral” rating on the stock.
• 5/9/2025 – RingCentral is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $36.00 price target on the stock.
• 5/5/2025 – RingCentral was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 4/24/2025 – RingCentral had its price target lowered by analysts at Rosenblatt Securities from $40.00 to $28.00. They now have a “buy” rating on the stock.
• 4/22/2025 – RingCentral had its price target lowered by analysts at Wells Fargo & Company from $30.00 to $22.00. They now have an “underweight” rating on the stock.
• 4/16/2025 – RingCentral had its price target lowered by analysts at Morgan Stanley from $40.00 to $29.00. They now have an “equal weight” rating on the stock.
• 4/15/2025 – RingCentral had its price target lowered by analysts at Mizuho from $32.00 to $25.00. They now have a “neutral” rating on the stock.
• 4/1/2025 – RingCentral was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.

RingCentral Stock Down 4.0%

RingCentral stock opened at $26.24 on Thursday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -40.99, a PEG ratio of 1.27 and a beta of 1.33. The firm’s fifty day moving average is $25.34 and its 200 day moving average is $31.47. RingCentral, Inc. has a 52-week low of $20.59 and a 52-week high of $42.19.

RingCentral (NYSE:RNG) last released its quarterly earnings results on Thursday, May 8th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $612.06 million for the quarter, compared to the consensus estimate of $610.53 million. RingCentral had a negative net margin of 2.43% and a negative return on equity of 12.34%. RingCentral’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. On average, equities research analysts anticipate that RingCentral, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Agarwal sold 2,247 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $27.97, for a total value of $62,848.59. Following the sale, the chief financial officer now owns 120,982 shares of the company’s stock, valued at approximately $3,383,866.54. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John H. Marlow sold 22,979 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $28.82, for a total transaction of $662,254.78. Following the completion of the sale, the senior vice president now directly owns 348,599 shares in the company, valued at approximately $10,046,623.18. This represents a 6.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 249,987 shares of company stock valued at $7,162,128. 6.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RNG. Contour Asset Management LLC purchased a new position in RingCentral in the 1st quarter worth about $45,650,000. Arrowstreet Capital Limited Partnership increased its stake in RingCentral by 414.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,445,245 shares of the software maker’s stock worth $50,598,000 after buying an additional 1,164,241 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in RingCentral by 354.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 870,666 shares of the software maker’s stock worth $21,558,000 after buying an additional 679,211 shares during the period. Valley Wealth Managers Inc. purchased a new position in RingCentral in the 4th quarter worth about $20,792,000. Finally, Capital World Investors increased its stake in RingCentral by 5.9% in the 4th quarter. Capital World Investors now owns 10,663,441 shares of the software maker’s stock worth $373,327,000 after buying an additional 591,398 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company’s products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.