Five9 (NASDAQ:FIVN) Issues FY 2021 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its FY 2021 earnings guidance on Monday. The company provided EPS guidance of $1.090-$1.100 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.020. The company issued revenue guidance of $600.50 million-$601.50 million, compared to the consensus revenue estimate of $585.23 million.Five9 also updated its Q4 2021 guidance to $0.360-$0.370 EPS.

Several research analysts recently weighed in on the company. Canaccord Genuity raised Five9 from a hold rating to a buy rating and set a $200.00 price target on the stock in a research report on Friday, October 1st. Truist raised Five9 from a hold rating to a buy rating and upped their price target for the company from $190.00 to $210.00 in a research report on Tuesday, November 9th. KeyCorp upped their price target on Five9 from $200.00 to $208.00 and gave the company an overweight rating in a research report on Tuesday, November 9th. Northland Securities raised Five9 from a market perform rating to an outperform rating and set a $200.00 target price on the stock in a research report on Friday, October 1st. Finally, Needham & Company LLC raised Five9 from a hold rating to a buy rating and set a $200.00 price objective on the stock in a report on Tuesday, September 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $199.50.

Shares of FIVN stock traded up $3.42 during mid-day trading on Thursday, reaching $138.26. The stock had a trading volume of 1,094,777 shares, compared to its average volume of 1,300,068. The firm’s 50 day simple moving average is $158.11 and its 200 day simple moving average is $172.07. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 4.52. Five9 has a one year low of $131.70 and a one year high of $211.68. The firm has a market cap of $9.36 billion, a PE ratio of -164.59 and a beta of 0.41.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Monday, November 8th. The software maker reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. Five9 had a negative return on equity of 7.59% and a negative net margin of 10.04%. The company had revenue of $154.30 million during the quarter, compared to the consensus estimate of $146.69 million. During the same quarter last year, the company earned $0.01 EPS. The company’s quarterly revenue was up 37.6% on a year-over-year basis. Sell-side analysts forecast that Five9 will post -0.3 earnings per share for the current fiscal year.

In related news, CFO Barry Zwarenstein sold 12,500 shares of the firm’s stock in a transaction on Friday, September 17th. The stock was sold at an average price of $173.87, for a total transaction of $2,173,375.00. Following the completion of the sale, the chief financial officer now directly owns 88,816 shares of the company’s stock, valued at approximately $15,442,437.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Daniel P. Burkland sold 1,165 shares of the firm’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $166.05, for a total value of $193,448.25. Following the sale, the president now directly owns 94,861 shares of the company’s stock, valued at $15,751,669.05. The disclosure for this sale can be found here. Insiders have sold a total of 52,988 shares of company stock valued at $8,674,522 in the last 90 days. 2.50% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Five9 stock. LPL Financial LLC grew its position in Five9, Inc. (NASDAQ:FIVN) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,221 shares of the software maker’s stock after buying an additional 153 shares during the period. LPL Financial LLC’s holdings in Five9 were worth $834,000 at the end of the most recent reporting period. Institutional investors own 89.25% of the company’s stock.

About Five9

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

Further Reading: Black Swan

Earnings History and Estimates for Five9 (NASDAQ:FIVN)

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