Five9 (NASDAQ:FIVN) posted its earnings results on Sunday. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11, MarketWatch Earnings reports. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%. The business had revenue of $127.89 million for the quarter, compared to analyst estimates of $115.27 million. During the same period in the prior year, the company posted $0.27 EPS. The company's revenue for the quarter was up 38.6% on a year-over-year basis.
Shares of NASDAQ:FIVN traded up $12.50 during trading on Tuesday, reaching $179.28. 58,011 shares of the stock were exchanged, compared to its average volume of 688,478. The firm's 50-day moving average price is $174.48 and its 200 day moving average price is $149.94. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of -346.79 and a beta of 0.53. Five9 has a 12-month low of $52.51 and a 12-month high of $194.04. The company has a debt-to-equity ratio of 2.46, a quick ratio of 9.32 and a current ratio of 9.32.
In related news, CEO Rowan M. Trollope sold 6,000 shares of Five9 stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $168.58, for a total transaction of $1,011,480.00. Following the transaction, the chief executive officer now owns 229,861 shares in the company, valued at approximately $38,749,967.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $181.91, for a total transaction of $2,273,875.00. Following the transaction, the chief financial officer now owns 89,298 shares in the company, valued at approximately $16,244,199.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,208 shares of company stock valued at $13,999,208. Corporate insiders own 3.00% of the company's stock.
FIVN has been the subject of several research reports. BTIG Research boosted their price target on Five9 from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, January 19th. Canaccord Genuity increased their target price on Five9 from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday. Stephens raised shares of Five9 from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $140.00 to $175.00 in a research report on Friday, October 30th. Zacks Investment Research upgraded shares of Five9 from a "hold" rating to a "strong-buy" rating and set a $200.00 target price on the stock in a research note on Thursday, January 14th. Finally, Needham & Company LLC increased their target price on Five9 from $165.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, January 14th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of "Buy" and an average target price of $186.63.
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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 digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
See Also: Quiet Period
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Lithium Stocks That Will Power the Electric Vehicle Boom
Demand for lithium is set to increase exponentially in the next few years. In fact, according to Statista, demand for lithium may very well double to 820,000 tons in that time. Some of that demand will come from companies that are manufacturing the batteries that we use every day. For example, lithium is an essential component of the batteries that power our mobile devices.
But the real growth will come as the United States goes all-in on electric vehicles (EVs). The Biden administration recently announced plans to have the U.S. government’s fleet of over 600,000 vehicles converted to EVs.
And as you’re aware, EV stocks are in a bubble of some sort at the moment. Some of that is due to the increasing number of companies that went public last year. However, as investors are beginning to realize, not all of these companies will be the next Tesla. In fact, some of these companies may never be successful at bringing an EV to market, at least not at the scale that will be required.
The ones that do make it will need lithium and lots of it. To help you sift through the best lithium stocks to buy, we’ve put together this special presentation.
View the "7 Lithium Stocks That Will Power the Electric Vehicle Boom".