Equities research analysts predict that Five9, Inc. (NASDAQ:FIVN) will post sales of $46.25 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Five9’s earnings, with estimates ranging from $45.89 million to $47.25 million. Five9 posted sales of $38.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.9%. The business is expected to issue its next earnings results after the market closes on Thursday, August 3rd.

On average, analysts expect that Five9 will report full year sales of $46.25 million for the current year, with estimates ranging from $192.00 million to $195.64 million. For the next fiscal year, analysts expect that the company will post sales of $227.17 million per share, with estimates ranging from $219.50 million to $234.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Five9.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The firm had revenue of $47.01 million for the quarter, compared to analyst estimates of $44.67 million. During the same period last year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 23.6% on a year-over-year basis.

Several brokerages recently weighed in on FIVN. Northland Securities set a $25.00 target price on Five9 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley increased their target price on Five9 from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Five9 in a report on Sunday, April 2nd. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. Finally, Pacific Crest restated an “overweight” rating and set a $22.00 target price on shares of Five9 in a report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.13.

COPYRIGHT VIOLATION WARNING: “Five9, Inc. (NASDAQ:FIVN) Expected to Post Quarterly Sales of $46.25 Million” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/22/five9-inc-nasdaqfivn-expected-to-post-quarterly-sales-of-46-25-million.html.

In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $22.35, for a total transaction of $223,500.00. Following the completion of the transaction, the executive vice president now owns 173,498 shares of the company’s stock, valued at approximately $3,877,680.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gaurav Passi sold 9,093 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $23.96, for a total value of $217,868.28. Following the transaction, the executive vice president now directly owns 118,882 shares of the company’s stock, valued at approximately $2,848,412.72. The disclosure for this sale can be found here. Insiders have sold a total of 227,107 shares of company stock valued at $4,959,166 in the last ninety days. 9.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oxford Asset Management acquired a new position in Five9 during the first quarter worth approximately $174,000. potrero capital research llc acquired a new position in Five9 during the first quarter worth approximately $227,000. KCG Holdings Inc. acquired a new position in Five9 during the first quarter worth approximately $236,000. Tower Research Capital LLC TRC raised its position in Five9 by 2,581.2% in the first quarter. Tower Research Capital LLC TRC now owns 18,795 shares of the software maker’s stock worth $309,000 after buying an additional 18,094 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Five9 during the first quarter worth approximately $324,000. 91.92% of the stock is owned by institutional investors and hedge funds.

Shares of Five9 (FIVN) opened at 22.46 on Friday. The stock’s 50 day moving average price is $22.37 and its 200-day moving average price is $18.78. The firm’s market capitalization is $1.22 billion. Five9 has a 52 week low of $11.90 and a 52 week high of $24.80.

About Five9

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).

Get a free copy of the Zacks research report on Five9 (FIVN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.