Five9, Inc. to Post FY2024 Earnings of ($0.19) Per Share, William Blair Forecasts (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) – Equities research analysts at William Blair lifted their FY2024 earnings estimates for shares of Five9 in a report released on Monday, May 6th. William Blair analyst A. Bhatia now anticipates that the software maker will post earnings per share of ($0.19) for the year, up from their prior estimate of ($0.20). The consensus estimate for Five9’s current full-year earnings is ($0.42) per share.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Barclays decreased their price target on Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Five9 in a report on Friday, May 3rd. Rosenblatt Securities reissued a “buy” rating and set a $80.00 target price on shares of Five9 in a research note on Friday, May 3rd. Finally, KeyCorp dropped their price target on Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.88.

Five9 Stock Down 3.8 %

Shares of FIVN opened at $54.32 on Thursday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of -63.91 and a beta of 0.85. Five9 has a 52 week low of $51.01 and a 52 week high of $92.40. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The stock has a fifty day moving average of $59.61 and a 200-day moving average of $68.36.

Institutional Trading of Five9

Several institutional investors and hedge funds have recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its stake in Five9 by 12.5% during the third quarter. Verdence Capital Advisors LLC now owns 5,329 shares of the software maker’s stock valued at $343,000 after buying an additional 591 shares during the period. TD Asset Management Inc grew its holdings in shares of Five9 by 2.4% during the third quarter. TD Asset Management Inc now owns 51,604 shares of the software maker’s stock worth $3,318,000 after purchasing an additional 1,200 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Five9 by 8.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 352,904 shares of the software maker’s stock worth $22,692,000 after purchasing an additional 27,329 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in Five9 by 0.6% in the third quarter. Conestoga Capital Advisors LLC now owns 139,258 shares of the software maker’s stock valued at $8,954,000 after purchasing an additional 892 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in Five9 by 15.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after purchasing an additional 452 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.