Wall Street brokerages expect Five9, Inc. (NASDAQ:FIVN) to post $48.16 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Five9’s earnings. The highest sales estimate is $48.77 million and the lowest is $47.65 million. Five9 reported sales of $40.98 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.5%. The firm is scheduled to announce its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Five9 will report full-year sales of $48.16 million for the current year, with estimates ranging from $194.14 million to $196.12 million. For the next financial year, analysts forecast that the company will report sales of $230.07 million per share, with estimates ranging from $222.75 million to $235.34 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Five9.
Several research firms recently weighed in on FIVN. Northland Securities set a $25.00 price objective on shares of Five9 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Canaccord Genuity boosted their price objective on shares of Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $22.29.
Five9 (NASDAQ:FIVN) opened at 22.14 on Friday. Five9 has a 12 month low of $12.58 and a 12 month high of $24.80. The firm’s market capitalization is $1.22 billion. The stock’s 50 day moving average price is $21.31 and its 200 day moving average price is $20.30.
In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $22.60, for a total transaction of $226,000.00. Following the completion of the sale, the executive vice president now owns 173,498 shares in the company, valued at approximately $3,921,054.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 12,622 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $22.44, for a total transaction of $283,237.68. Following the sale, the chief financial officer now owns 129,742 shares of the company’s stock, valued at approximately $2,911,410.48. The disclosure for this sale can be found here. Insiders have sold a total of 103,007 shares of company stock valued at $2,220,520 in the last quarter. Corporate insiders own 9.10% of the company’s stock.
Several institutional investors have recently modified their holdings of FIVN. Teachers Advisors LLC raised its position in shares of Five9 by 107.2% during the 4th quarter. Teachers Advisors LLC now owns 162,982 shares of the software maker’s stock valued at $2,313,000 after acquiring an additional 84,304 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Five9 by 124.1% during the 1st quarter. Wells Fargo & Company MN now owns 1,400,229 shares of the software maker’s stock valued at $23,048,000 after acquiring an additional 775,345 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Five9 by 81.3% during the 1st quarter. Bank of New York Mellon Corp now owns 241,072 shares of the software maker’s stock valued at $3,969,000 after acquiring an additional 108,114 shares during the last quarter. Suntrust Banks Inc. bought a new stake in shares of Five9 during the 1st quarter valued at $378,000. Finally, Ameriprise Financial Inc. raised its position in shares of Five9 by 37.5% during the 1st quarter. Ameriprise Financial Inc. now owns 436,896 shares of the software maker’s stock valued at $7,192,000 after acquiring an additional 119,150 shares during the last quarter. Institutional investors own 91.88% of the company’s stock.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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