Equities analysts expect Five9, Inc. (NASDAQ:FIVN) to post sales of $52.20 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Five9’s earnings, with estimates ranging from $51.75 million to $52.61 million. Five9 reported sales of $44.21 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.1%. The company is scheduled to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Five9 will report full year sales of $52.20 million for the current year, with estimates ranging from $196.80 million to $197.43 million. For the next year, analysts expect that the business will post sales of $232.10 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Five9.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. The company’s revenue was up 22.2% compared to the same quarter last year.

FIVN has been the subject of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Five9 in a report on Thursday, November 9th. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. KeyCorp reissued a “buy” rating and set a $27.00 target price on shares of Five9 in a research note on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of Five9 in a research note on Friday, November 10th. Finally, Northland Securities reissued a “buy” rating and set a $25.00 target price on shares of Five9 in a research note on Friday, September 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.43.

Five9 (FIVN) opened at $24.15 on Friday. Five9 has a fifty-two week low of $12.58 and a fifty-two week high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

In related news, EVP Gaurav Passi sold 29,398 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $24.99, for a total transaction of $734,656.02. Following the transaction, the executive vice president now directly owns 106,185 shares in the company, valued at $2,653,563.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly Alexy sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $24.67, for a total transaction of $370,050.00. Following the transaction, the director now owns 22,155 shares in the company, valued at $546,563.85. The disclosure for this sale can be found here. Insiders have sold 838,105 shares of company stock valued at $20,191,083 in the last three months. Corporate insiders own 9.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. BNP Paribas Arbitrage SA boosted its position in Five9 by 4,389.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after acquiring an additional 5,443 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Five9 during the third quarter worth about $195,000. Tudor Investment Corp ET AL acquired a new position in Five9 during the second quarter worth about $202,000. Janney Montgomery Scott LLC acquired a new position in Five9 during the third quarter worth about $211,000. Finally, Principal Financial Group Inc. acquired a new position in Five9 during the second quarter worth about $219,000. Hedge funds and other institutional investors own 93.55% of the company’s stock.

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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).

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