How Many RingCentral, Inc. (NYSE:RNG)’s Analysts Are Bearish?

RingCentral, Inc. (NYSE:RNG) Logo
Investors sentiment increased to 1.12 in Q2 2019. Its up 0.01, from 1.11 in 2019Q1. It improved, 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.
Moreover, Prudential Financial has 0% invested in RingCentral, Inc. (NYSE:RNG) for 3,600 shares. Pub Employees Retirement Association Of Colorado invested in 9,950 shares or 0.01% of the stock. Art Advsrs Limited reported 0.18% stake. Benjamin F Edwards & Inc holds 0% or 304 shares in its portfolio. Congress Asset Mgmt Ma has invested 0.03% in RingCentral, Inc. (NYSE:RNG). Credit Suisse Ag reported 64,552 shares or 0.01% of all its holdings. Sei Invests Communication invested in 0% or 12,554 shares. Citigroup reported 2,318 shares or 0% of all its holdings. Moody Comml Bank Division owns 0.24% invested in RingCentral, Inc. (NYSE:RNG) for 72,841 shares. Amer Century reported 0.05% in RingCentral, Inc. (NYSE:RNG). Exane Derivatives invested in 0% or 9 shares. 345,100 are held by Renaissance Technologies Ltd Liability. Bluecrest Capital Mngmt Limited accumulated 0.02% or 2,100 shares. Brown Brothers Harriman And reported 4 shares. 776,728 were reported by Lord Abbett & Ltd Liability Corporation.

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 rating was maintained by Bank of America with “Buy” on Tuesday, July 30. The stock has “Buy” rating by Rosenblatt on Monday, March 25. Oppenheimer maintained it with “Buy” rating and $130 target in Friday, June 21 report. The stock of RingCentral, Inc. (NYSE:RNG) has “Buy” rating given on Friday, March 22 by Deutsche Bank. On Tuesday, July 30 the stock rating was maintained by Raymond James with “Strong Buy”. 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: Seekingalpha.com which released: “RingCentral Is Ready To Climb – Seeking Alpha” on August 17, 2019, also Finance.Yahoo.com with their article: “RingCentral’s (NYSE:RNG) Wonderful 615% Share Price Increase Shows How Capitalism Can Build Wealth – Yahoo Finance” published on April 29, 2019, Seekingalpha.com published: “Avaya considering RingCentral JV; shares -9% – Seeking Alpha” on September 12, 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 Finance.Yahoo.com‘s news article titled: “Chase Coleman Buys Uber, Boosts Microsoft – Yahoo Finance” with publication date: August 26, 2019.

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

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