RingCentral’s (RNG) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of RingCentral (NYSE:RNG) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $50.00 target price on the software maker’s stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating on shares of RingCentral in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of RingCentral in a report on Friday, July 17th. Robert W. Baird set a $45.00 price objective on shares of RingCentral in a research report on Friday, May 8th. Morgan Stanley raised their price objective on shares of RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Oppenheimer restated an “outperform” rating and set a $50.00 price objective on shares of RingCentral in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.40.

RingCentral Price Performance

Shares of RingCentral stock opened at $48.33 on Friday. The company has a market capitalization of $4.05 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The business has a 50-day moving average of $40.41 and a two-hundred day moving average of $36.84. RingCentral has a 1 year low of $23.59 and a 1 year high of $50.14.

RingCentral (NYSE:RNG) last released its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%.The business had revenue of $657.01 million for the quarter, compared to analysts’ expectations of $650.53 million. During the same quarter in the previous year, the business posted $1.06 EPS. RingCentral’s revenue for the quarter was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. On average, equities analysts anticipate that RingCentral will post 2.78 EPS for the current fiscal year.

RingCentral Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 6th. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio (DPR) is presently 24.00%.

Insider Transactions at RingCentral

In other RingCentral news, CAO Tarun Arora sold 3,615 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $43.00, for a total transaction of $155,445.00. Following the completion of the transaction, the chief accounting officer owned 68,100 shares of the company’s stock, valued at $2,928,300. This represents a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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, COO Kira Makagon sold 16,988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $42.54, for a total transaction of $722,669.52. Following the transaction, the chief operating officer directly owned 212,724 shares of the company’s stock, valued at $9,049,278.96. This represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 38,628 shares of company stock worth $1,656,201. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On RingCentral

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC lifted its position in RingCentral by 59.7% during the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after buying an additional 259 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of RingCentral by 2.3% in the 2nd quarter. Versant Capital Management Inc now owns 11,521 shares of the software maker’s stock valued at $449,000 after acquiring an additional 259 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of RingCentral by 3.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 11,883 shares of the software maker’s stock valued at $442,000 after acquiring an additional 362 shares in the last quarter. Rothschild Investment LLC increased its position in shares of RingCentral by 15.8% in the fourth quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock valued at $77,000 after acquiring an additional 366 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its position in shares of RingCentral by 4.2% in the first quarter. Sovereign Financial Group Inc. now owns 10,170 shares of the software maker’s stock valued at $378,000 after acquiring an additional 409 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about RingCentral

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

About RingCentral

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.