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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group dropped their target price on Five9 from $180.00 to $135.00 and set a "buy" rating for the company in a report on Monday, July 25th. Piper Sandler dropped their target price on Five9 from $166.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Roth Capital assumed coverage on Five9 in a report on Wednesday, May 18th. They set a "buy" rating and a $129.00 target price for the company. MKM Partners assumed coverage on Five9 in a report on Thursday, August 4th. They set a "buy" rating and a $135.00 target price for the company. Finally, Jefferies Financial Group dropped their target price on Five9 from $130.00 to $125.00 in a report on Monday, May 23rd. Two analysts have rated the stock with a sell rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $150.78.

Five9 Stock Down 4.6 %

Shares of NASDAQ:FIVN opened at $111.45 on Wednesday. Five9 has a 52-week low of $80.52 and a 52-week high of $205.81. The firm has a market capitalization of $7.81 billion, a P/E ratio of -94.45 and a beta of 0.60. The stock has a 50 day moving average price of $97.91 and a 200-day moving average price of $104.88. The company has a debt-to-equity ratio of 3.01, a quick ratio of 4.50 and a current ratio of 4.50.

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

Insider Transactions at Five9

In other news, Director Kimberly Alexy sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $97.26, for a total value of $243,150.00. Following the completion of the transaction, the director now owns 11,117 shares of the company's stock, valued at approximately $1,081,239.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Barry Zwarenstein sold 1,712 shares of the firm's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $100.10, for a total transaction of $171,371.20. Following the completion of the transaction, the chief financial officer now owns 79,238 shares of the company's stock, valued at approximately $7,931,723.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimberly Alexy sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $97.26, for a total value of $243,150.00. Following the transaction, the director now directly owns 11,117 shares of the company's stock, valued at approximately $1,081,239.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,604 shares of company stock valued at $3,777,624. Corporate insiders own 2.40% of the company's stock.