RingCentral, Inc. (NYSE:RNG) Receives $43.00 Consensus Target Price from Analysts

RingCentral, Inc. (NYSE:RNG) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $43.00.

A number of equities research analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $50.00 price objective on shares of RingCentral in a report on Friday, May 8th. Piper Sandler raised their price objective on shares of RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. UBS Group set a $38.00 target price on shares of RingCentral in a research note on Friday, February 20th. Jefferies Financial Group restated a “hold” rating and set a $40.00 price target on shares of RingCentral in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd.

RingCentral Trading Up 3.2%

RNG opened at $43.57 on Friday. The business has a 50 day moving average of $39.56 and a 200-day moving average of $33.13. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 46.35, a P/E/G ratio of 1.24 and a beta of 1.13. RingCentral has a 1-year low of $23.59 and a 1-year high of $48.57.

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $644.20 million for the quarter, compared to analyst estimates of $642.73 million. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 earnings per share. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. Equities analysts predict that RingCentral will post 2.79 EPS for the current year.

RingCentral Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, June 2nd. RingCentral’s dividend payout ratio (DPR) is presently 31.91%.

Insider Transactions at RingCentral

In other RingCentral news, CFO Vaibhav Agarwal sold 4,044 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $42.06, for a total transaction of $170,090.64. Following the transaction, the chief financial officer directly owned 132,181 shares in the company, valued at approximately $5,559,532.86. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kira Makagon sold 5,870 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $40.27, for a total transaction of $236,384.90. Following the completion of the transaction, the chief operating officer directly owned 236,715 shares in the company, valued at $9,532,513.05. This trade represents a 2.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 219,158 shares of company stock valued at $7,906,365. 7.30% of the stock is owned by company insiders.

Institutional Trading of RingCentral

Institutional investors have recently bought and sold shares of the business. Capital World Investors lifted its stake in shares of RingCentral by 20.9% in the 3rd quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock valued at $332,598,000 after purchasing an additional 2,031,861 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of RingCentral during the third quarter worth $53,365,000. LSV Asset Management increased its holdings in RingCentral by 142.4% in the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after purchasing an additional 1,686,900 shares during the last quarter. Quantinno Capital Management LP increased its holdings in RingCentral by 150.4% in the first quarter. Quantinno Capital Management LP now owns 1,976,995 shares of the software maker’s stock valued at $73,524,000 after purchasing an additional 1,187,437 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in RingCentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock valued at $57,874,000 after buying an additional 523,966 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

RingCentral Company Profile

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.