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.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FIVN shares. MKM Partners started coverage on shares of Five9 in a report on Thursday, August 4th. They set a "buy" rating and a $135.00 price target on the stock. TheStreet cut shares of Five9 from a "c-" rating to a "d+" rating in a research note on Wednesday, May 11th. Piper Sandler dropped their target price on shares of Five9 from $166.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 13th. Jefferies Financial Group dropped their target price on shares of Five9 from $130.00 to $125.00 in a research note on Monday, May 23rd. Finally, Roth Capital began coverage on shares of Five9 in a research note on Wednesday, May 18th. They issued a "buy" rating and a $129.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 has an average rating of "Moderate Buy" and an average price target of $150.78.

Five9 Price Performance

Five9 stock traded up $6.57 during midday trading on Wednesday, reaching $118.02. 954,381 shares of the stock were exchanged, compared to its average volume of 1,168,371. The company's fifty day moving average is $98.29 and its 200-day moving average is $104.97. The company has a debt-to-equity ratio of 3.01, a quick ratio of 4.50 and a current ratio of 4.50. The firm has a market cap of $8.27 billion, a PE ratio of -100.02 and a beta of 0.60. Five9 has a 52 week low of $80.52 and a 52 week high of $196.45.

Five9 (NASDAQ:FIVN - Get Rating) last posted its earnings results 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. The business had revenue of $189.38 million for the quarter, compared to analyst estimates of $180.08 million. Five9 had a negative net margin of 11.70% and a negative return on equity of 27.15%. Five9's revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS. On average, sell-side analysts forecast that Five9 will post -0.9 EPS for the current year.

Insider Buying and Selling

In related news, Director Kimberly Alexy sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $110.38, for a total transaction of $275,950.00. Following the sale, the director now owns 11,117 shares of the company's stock, valued at approximately $1,227,094.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Kimberly Alexy sold 2,500 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $110.38, for a total value of $275,950.00. Following the transaction, the director now owns 11,117 shares of the company's stock, valued at approximately $1,227,094.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Welch sold 3,676 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $99.85, for a total transaction of $367,048.60. Following the completion of the transaction, the executive vice president now directly owns 30,887 shares in the company, valued at approximately $3,084,066.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,604 shares of company stock valued at $3,777,624. Company insiders own 2.40% of the company's stock.