Are Analysts Bullish RingCentral, Inc. (NYSE:RNG) After Last Week?

RingCentral, Inc. (NYSE:RNG) Logo
Investors sentiment increased to 1.12 in 2019 Q2. Its up 0.01, from 1.11 in 2019Q1. It increased, as 31 investors sold RingCentral, Inc. shares while 83 reduced holdings. 48 funds opened positions while 80 raised stakes. 65.52 million shares or 25.74% less from 88.22 million shares in 2019Q1 were reported.
Engineers Gate Manager L P holds 41,248 shares. Wells Fargo & Company Mn reported 145,997 shares. Venator Cap Limited reported 15,000 shares. Arrowstreet Cap Partnership has 0.13% invested in RingCentral, Inc. (NYSE:RNG). Crow Point Ptnrs Ltd Com owns 0.05% invested in RingCentral, Inc. (NYSE:RNG) for 2,773 shares. California Employees Retirement reported 134,557 shares stake. Advisory Services Ltd Liability Corp reported 1,785 shares. Exane Derivatives invested in 9 shares. Bridgeway reported 26,100 shares. Us Bancorp De stated it has 201,833 shares. Massachusetts Serv Com Ma holds 0.01% in RingCentral, Inc. (NYSE:RNG) or 284,278 shares. Moreover, Cibc Asset Management Inc has 0% invested in RingCentral, Inc. (NYSE:RNG) for 2,500 shares. Dimensional Fund Ltd Partnership owns 103,366 shares. California State Teachers Retirement accumulated 111,348 shares. Parallax Volatility Advisers L P reported 9,548 shares.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

Among 5 analysts covering RingCentral (NYSE:RNG), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. RingCentral has $17500 highest and $105 lowest target. $133.67’s average target is 5.13% above currents $127.15 stock price. RingCentral had 8 analyst reports since March 21, 2019 according to SRatingsIntel. The stock has “Strong Buy” rating by Raymond James on Tuesday, July 30. The stock of RingCentral, Inc. (NYSE:RNG) has “Buy” rating given on Monday, March 25 by Rosenblatt. The firm earned “Buy” rating on Friday, March 22 by Deutsche Bank. The firm earned “Buy” rating on Friday, June 21 by Oppenheimer. The firm earned “Buy” rating on Tuesday, July 30 by Bank of America. Below is a list of RingCentral, Inc. (NYSE:RNG) latest ratings and price target changes.

30/07/2019 Broker: Bank of America Rating: Buy Old Target: $135.0000 New Target: $150.0000 Maintain
30/07/2019 Broker: Raymond James Rating: Strong Buy Old Target: $140.0000 New Target: $175.0000 Maintain
21/06/2019 Broker: Oppenheimer Rating: Buy New Target: $130 Maintain
18/06/2019 Broker: Inc. Class A Common Stock Rating: Needham 140.0000
02/05/2019 Broker: Inc. Class A Common Stock Rating: Bank Of America New Target: $117.0000 135.0000
25/03/2019 Broker: Rosenblatt Rating: Buy New Target: $105 Maintain
22/03/2019 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $125 Maintain
21/03/2019 Broker: Raymond James Rating: Buy Maintain

The stock decreased 0.16% or $0.21 during the last trading session, reaching $127.15. About 785,097 shares traded or 3.95% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 92.38% since September 13, 2018 and is uptrending. It has outperformed by 92.38% the S&P500.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $10.55 billion. The companyÂ’s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Streetinsider.com which released: “Avaya (AVYA) Takeover ‘Days’ Away – Sources – StreetInsider.com” on September 09, 2019, also Finance.Yahoo.com with their article: “Does RingCentral, Inc.’s (NYSE:RNG) CEO Salary Compare Well With Others? – Yahoo Finance” published on September 06, 2019, Finance.Yahoo.com published: “RingCentral’s (NYSE:RNG) Wonderful 615% Share Price Increase Shows How Capitalism Can Build Wealth – Yahoo Finance” on April 29, 2019. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Streetinsider.com and their article: “Pre-Open 09/12: (RVG) (LKQ) (RNG) Higher (TOCA) (ADVM) (TLRD) Lower (more…) – StreetInsider.com” published on September 12, 2019 as well as Seekingalpha.com‘s news article titled: “RingCentral +7.8% on beat-and-raise in Q2 – Seeking Alpha” with publication date: July 29, 2019.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart

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