RigNet Inc (NASDAQ:RNET) price target set to $19.00 by Maxim Group

ME Staff
-
0

Analyst Ratings For RigNet Inc (NASDAQ:RNET)

Today, Maxim Group set its price target on RigNet Inc (NASDAQ:RNET) to $19.00 per share.

There are 2 Hold Ratings, 1 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on RigNet Inc (NASDAQ:RNET) is Hold with a consensus target price of $17.00 per share, a potential 41.67% upside.

Some recent analyst ratings include

  • 3/11/2017-Jefferies Financial Group Reiterated Rating of Buy.
  • 8/17/2016-Oppenheimer Reiterated Rating of Market Perform.

Recent Insider Trading Activity For RigNet Inc (NASDAQ:RNET)
RigNet Inc (NASDAQ:RNET) has insider ownership of 2.30% and institutional ownership of 86.74%.

  • On 3/28/2018 Charles Louis Iv Davis, Director, sold 12,000 with an average share price of $13.45 per share and the total transaction amounting to $161,400.00.
  • On 3/19/2018 Charles Louis Iv Davis, Director, sold 8,000 with an average share price of $13.51 per share and the total transaction amounting to $108,080.00.
  • On 9/6/2017 Charles Louis Iv Davis, Director, sold 3,000 with an average share price of $16.25 per share and the total transaction amounting to $48,750.00.
  • On 5/24/2017 Charles Louis Iv Davis, Director, sold 1,750 with an average share price of $16.87 per share and the total transaction amounting to $29,522.50.
  • On 3/28/2017 Charles Louis Iv Davis, Director, sold 1,500 with an average share price of $19.85 per share and the total transaction amounting to $29,775.00.
  • On 3/24/2017 Charles E. Schneider, CFO, sold 2,280 with an average share price of $19.88 per share and the total transaction amounting to $45,326.40.
  • On 3/22/2017 Charles E. Schneider, CFO, sold 4,220 with an average share price of $20.31 per share and the total transaction amounting to $85,708.20.

About RigNet Inc (NASDAQ:RNET)
RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The company operates through three segments: Managed Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Services segment provides remote communications, telephony, and technology services, including data, Internet, and Voice over Internet Protocol services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. It also offers private networking and wide area network (WAN) acceleration solutions, software-defined appliances, content filtering, and Wi-Fi hotspots. The Apps & IoT segment provides supervisory control and data acquisition systems to monitor, gather, and process data while interacting with machines and devices, such as pipelines, valves, pumps, and motors; data analytics solutions to enhance customer productivity and safety; weather data monitoring services in the North Sea to support operations; adaptive video intelligence and video collaboration solutions; BlackTIE and CyphreLink cybersecurity offerings that protects customers data; and Wi-Fi hotspot solutions, which facilitate access to the Internet by personnel in remote facilities. The Systems Integration segment engages in the design, procurement, assembly and test, installation, and commissioning of communications systems, including WAN/LAN connectivity, access control, public address, microwave, and monitoring and control systems, as well as closed circuit televisions for monitoring and security. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.

Recent Trading Activity for RigNet Inc (NASDAQ:RNET)
Shares of RigNet Inc closed the previous trading session at 12,02 +0,025 0,21 % with 12.02 shares trading hands.