Five9 - FIVN Stock Forecast, Price & News

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. Its solution enables its clients to manage these customer interactions across various channels, including voice, video, chat, email, website, social media, click-to-call, callback, and mobile channels, as well as through APIs; and provides natural language processing and automatic speech recognition solutions. The company serves customers in various industries comprising banking and financial services, business process outsourcers, consumer, healthcare, technology, and education. Five9, Inc. was incorporated in 2001 and is headquartered in San Ramon, California.

Five9 Trading Down 0.3 %

Shares of NASDAQ:FIVN traded down $0.34 during mid-day trading on Monday, reaching $116.87. The company had a trading volume of 722,481 shares, compared to its average volume of 1,168,406. Five9 has a 52 week low of $80.52 and a 52 week high of $205.81. The business's 50-day moving average is $97.32 and its 200-day moving average is $104.87. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of -99.04 and a beta of 0.60. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 3.01.

Five9 (NASDAQ:FIVN - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.16. Five9 had a negative net margin of 11.70% and a negative return on equity of 27.15%. The company had revenue of $189.38 million during the quarter, compared to analyst estimates of $180.08 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts expect that Five9 will post -0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. MKM Partners assumed coverage on shares of Five9 in a report on Thursday. They issued a "buy" rating and a $135.00 target price on the stock. Morgan Stanley reduced their price target on shares of Five9 from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, July 14th. UBS Group reduced their price target on shares of Five9 from $180.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, July 25th. Roth Capital assumed coverage on shares of Five9 in a research report on Wednesday, May 18th. They issued a "buy" rating and a $129.00 price target on the stock. Finally, Piper Sandler reduced their price target on shares of Five9 from $166.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $150.78.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 10,000 shares of the company's stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $100.07, for a total value of $1,000,700.00. Following the completion of the sale, the chief financial officer now directly owns 78,573 shares of the company's stock, valued at $7,862,800.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Five9 news, EVP Scott Welch sold 3,676 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $99.85, for a total transaction of $367,048.60. Following the completion of the sale, the executive vice president now directly owns 30,887 shares of the company's stock, valued at $3,084,066.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Barry Zwarenstein sold 10,000 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $100.07, for a total transaction of $1,000,700.00. Following the sale, the chief financial officer now directly owns 78,573 shares of the company's stock, valued at $7,862,800.11. The disclosure for this sale can be found here. Insiders sold a total of 37,604 shares of company stock valued at $3,777,624 over the last three months. 2.40% of the stock is owned by company insiders.