RingCentral (NYSE:RNG) Reaches New 12-Month High After Analyst Upgrade

RingCentral, Inc. (NYSE:RNG) shares hit a new 52-week high during mid-day trading on Saturday after Mizuho raised their price target on the stock from $38.00 to $40.00. Mizuho currently has a neutral rating on the stock. RingCentral traded as high as $50.14 and last traded at $48.3270, with a volume of 8917197 shares traded. The stock had previously closed at $38.62.

Several other equities research analysts also recently weighed in on RNG. Rosenblatt Securities reissued a “buy” rating and issued a $50.00 target price on shares of RingCentral in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RingCentral in a research note on Friday, July 17th. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 price target on shares of RingCentral in a report on Saturday, May 9th. Piper Sandler increased their price objective on shares of RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Robert W. Baird set a $45.00 price objective on shares of RingCentral in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.40.

Insider Buying and Selling

In other news, CAO Tarun Arora sold 3,615 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $43.00, for a total transaction of $155,445.00. Following the completion of the sale, the chief accounting officer directly owned 68,100 shares of the company’s stock, valued at approximately $2,928,300. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, Director Robert I. Theis sold 2,530 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $40.28, for a total transaction of $101,908.40. Following the sale, the director directly owned 30,834 shares of the company’s stock, valued at $1,241,993.52. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,498 shares of company stock worth $1,892,586 over the last ninety days. Corporate insiders own 7.30% of the company’s stock.

Key RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q2 EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected, showing a solid beat on both the top and bottom lines. RingCentral Q2 Earnings Report
• Positive Sentiment: The company raised Q3 2026 guidance to EPS of $1.25-$1.30 and revenue of $664 million-$670 million, both above consensus, and lifted FY 2026 EPS guidance to $4.96-$5.10. RingCentral Financial Results
• Positive Sentiment: Management and recent commentary point to stronger subscription growth, higher margins, and expanding AI adoption, which are supporting the improved growth outlook. Zacks Q2 Earnings Article
• Positive Sentiment: RingCentral also announced a 66.7% increase in its quarterly dividend to $0.125 per share, signaling confidence in cash generation and capital returns. Insider Monkey Article
• Neutral Sentiment: Mizuho raised its price target to $40 but kept a neutral rating, which is below the current trading level and suggests some caution on valuation. Mizuho Price Target Update
• Neutral Sentiment: Rosenblatt reaffirmed a buy rating with a $50 target, broadly reinforcing the positive post-earnings sentiment. Rosenblatt Rating Update

Institutional Investors Weigh In On RingCentral

Several large investors have recently added to or reduced their stakes in the stock. LSV Asset Management grew its stake in RingCentral by 142.4% in the 4th quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock worth $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. AQR Capital Management LLC increased its position in shares of RingCentral by 35.4% during the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after acquiring an additional 523,966 shares during the period. Quantinno Capital Management LP raised its stake in shares of RingCentral by 150.4% during 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 acquiring an additional 1,187,437 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of RingCentral during the third quarter valued at approximately $53,365,000. Finally, Marshall Wace LLP raised its stake in shares of RingCentral by 4.4% during the third quarter. Marshall Wace LLP now owns 1,794,978 shares of the software maker’s stock valued at $50,870,000 after acquiring an additional 75,709 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

RingCentral Price Performance

The stock has a market cap of $4.05 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The business has a fifty day moving average of $40.41 and a 200-day moving average of $36.78.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $657.01 million for the quarter, compared to analysts’ expectations of $650.53 million. RingCentral had a negative return on equity of 34.98% and a net margin of 4.27%.RingCentral’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 earnings per share. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, equities research analysts predict that RingCentral, Inc. will post 2.78 EPS for the current year.

RingCentral Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 6th. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio is currently 40.00%.

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.