Analysts See $-0.08 EPS for RingCentral, Inc. (RNG)

Marco Green
January 14, 2018

The hedge fund run by Barry Lebovits held 5.22 million shares of the books company at the end of 2017Q3, valued at $62.93M, up from 4.25 million at the end of the previous reported quarter.

Whale Rock Capital Management Llc increased Shopify Inc stake by 362,527 shares to 1.32 million valued at $154.18 million in 2017Q3.

Shares of RingCentral Inc (RNG) traded up $0.75 during mid-day trading on Friday, reaching $52.35. The shares were sold at an average price of $48.22, for a total value of $144,660.00.

RingCentral Inc (NYSE:RNG) has earned a consensus rating of "Buy" from the sixteen analysts that are covering the company, Marketbeat Ratings reports. It has outperformed by 64.15% the S&P500.

Campbell Newman Asset Management Inc increased its stake in Visa Inc. The firm's revenue for the quarter was up 34.0% on a year-over-year basis. equities analysts predict that RingCentral will post -0.33 earnings per share for the current fiscal year. The stock decreased 0.55% or $0.25 during the last trading session, reaching $45. About 5.59M shares traded. (NYSE:RNG). Prudential Financial has 0% invested in RingCentral, Inc. It has outperformed by 13.23% the S&P500.

Since August 16, 2017, it had 0 insider purchases, and 22 selling transactions for $18.39 million activity. Marlow John H sold $254,580 worth of RingCentral, Inc. 10,000 RingCentral, Inc. (NYSE:RNG) shares with value of $476,500 were sold by Shah Praful.

Campbell Newman Asset Management Inc, which manages about $443.30 million and $558.86 million US Long portfolio, decreased its stake in Comcast Corp. Ubs Asset Americas Inc owns 29,323 shares. (NYSE:RNG). Granite Point Capital Management L P holds 0.13% or 14,525 shares.

Among 40 analysts covering Visa Inc.

Paragon Associates & Paragon Associates Ii Joint Venture holds 7.32% of its portfolio in PacWest Bancorp for 169,681 shares. Therefore 11% are positive. Wells Fargo upgraded Visa Inc. The firm earned "Outperform" rating on Tuesday, October 6 by RBC Capital Markets. Shah Praful also sold $476,502 worth of RingCentral, Inc. (NYSE:RNG) on Thursday, July 23 with "Overweight" rating. Oppenheimer maintained it with "Buy" rating and $4500 target in Thursday, August 3 report. Bank of America maintained the shares of RNG in report on Wednesday, October 25 with "Buy" rating. The stock of Atmel Corporation (NASDAQ:ATML) has "Market Perform" rating given on Tuesday, September 22 by Raymond James. Oppenheimer maintained RingCentral, Inc. The stock of The Boeing Company (NYSE:BA) has "Neutral" rating given on Friday, July 28 by Buckingham Research. (NYSE:RNG) has "Buy" rating given on Monday, June 26 by SunTrust. (NYSE:RNG) was sold by Dhruv Mitesh. Robert W. Baird maintained Visa Inc.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.32, from 1.31 in 2017Q2. It increased, as 15 investors sold Tennant Company shares while 36 reduced holdings. 26 funds opened positions while 53 raised stakes. Jefferies Gp Limited Co stated it has 0% of its portfolio in RingCentral, Inc. New York-based Gabelli Funds Ltd Liability Company has invested 0.11% in Tennant Company (NYSE:TNC). (NYSE:RNG). Paloma Ptnrs Mgmt holds 55,817 shares or 0.03% of its portfolio. 75,000 were accumulated by Herald Investment Mgmt Ltd. Diversified reported 50,833 shares. Ngam Advisors Limited Partnership reported 52,397 shares. Credit Suisse Ag has 21,666 shares for 0% of their portfolio. Moody Fincl Bank Trust Division reported 0.02% of its portfolio in RingCentral, Inc. Brighton Jones Ltd Liability Company holds 0.1% in RingCentral, Inc. 12,760 were accumulated by Northside Cap Mngmt Ltd. Michigan-based State Treasurer State Of Michigan has invested 1.2% in Visa Inc. Following the completion of the sale, the senior vice president now directly owns 305,832 shares in the company, valued at approximately $6,709,954.08. Vanguard Group Inc. grew its stake in shares of RingCentral by 2.9% during the 2nd quarter. (NYSE:RNG) to report $-0.08 EPS on February, 12.They anticipate $0.00 EPS change or 0.00 % from last quarter's $-0.08 EPS. Ameritas Investment Partners Inc. now owns 5,480 shares of the software maker's stock worth $200,000 after acquiring an additional 418 shares during the last quarter. Zacks Investment Research raised shares of RingCentral from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a research note on Wednesday, October 4th. Therefore 82% are positive. TheStreet downgraded Atmel Corporation (NASDAQ:ATML) on Friday, August 14 to "Buy" rating. The stock has "Buy" rating by Craig Hallum on Thursday, November 9. $311,483 worth of RingCentral, Inc. (NYSE:RNG) on Thursday, November 9 with "Hold" rating. $3.17 million worth of RingCentral, Inc. (NYSE:RNG). Principal Financial Grp stated it has 7,363 shares. Northland Capital has "Buy" rating and $43.0 target. Finally, Hunt Lane Capital LP lifted its position in shares of RingCentral by 14.3% during the 2nd quarter. (NYSE:RNG) on Monday, August 21. The company was maintained on Thursday, August 3 by Northland Capital. On Tuesday, September 5 the stock rating was maintained by Jefferies with "Buy".

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