Five9 (NASDAQ:FIVN) issued its quarterly earnings data on Tuesday. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.22, Bloomberg Earnings reports. The firm had revenue of $72.34 million for the quarter, compared to analyst estimates of $66.53 million. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%.
Shares of NASDAQ:FIVN traded down $3.11 on Wednesday, reaching $51.20. The company’s stock had a trading volume of 983,150 shares, compared to its average volume of 623,774. Five9 has a 52-week low of $26.50 and a 52-week high of $54.92. The company has a debt-to-equity ratio of 1.56, a quick ratio of 6.95 and a current ratio of 6.95. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -301.18, a PEG ratio of 123.27 and a beta of 0.64.
A number of equities research analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on Five9 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday. Stephens restated a “hold” rating and set a $48.00 target price on shares of Five9 in a research report on Tuesday. Bank of America raised their target price on Five9 from $28.00 to $33.00 and gave the company an “underperform” rating in a research report on Wednesday. Roth Capital raised their target price on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, January 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.00.
In related news, CFO Barry Zwarenstein sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $51.41, for a total transaction of $436,985.00. Following the transaction, the chief financial officer now directly owns 92,599 shares of the company’s stock, valued at $4,760,514.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Welch sold 1,032 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $37.74, for a total transaction of $38,947.68. Following the transaction, the executive vice president now directly owns 77,993 shares in the company, valued at $2,943,455.82. The disclosure for this sale can be found here. Insiders sold 97,380 shares of company stock valued at $4,227,588 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FIVN. Flinton Capital Management LLC acquired a new stake in shares of Five9 in the 4th quarter valued at approximately $30,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Five9 in the 4th quarter valued at about $34,000. Private Capital Group LLC raised its holdings in shares of Five9 by 263.4% in the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Five9 by 58.3% in the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Five9 by 112.5% in the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares in the last quarter. 97.80% of the stock is owned by institutional investors.
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Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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