Wall Street brokerages expect that Five9 Inc (NASDAQ:FIVN) will post $52.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Five9’s earnings, with the lowest sales estimate coming in at $51.75 million and the highest estimate coming in at $52.61 million. Five9 posted sales of $44.21 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The business is scheduled to report its next quarterly 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 firm will post sales of $232.09 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Five9.

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

A number of equities research analysts recently issued reports on FIVN shares. KeyCorp reissued a “buy” rating and set a $27.00 price target on shares of Five9 in a research note on Friday, September 22nd. Canaccord Genuity raised their price target on Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, September 27th. Northland Securities reissued a “buy” rating and set a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Morgan Stanley raised their price target on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.43.

In related news, EVP Scott Welch sold 3,902 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $25.30, for a total transaction of $98,720.60. Following the transaction, the executive vice president now directly owns 105,003 shares in the company, valued at approximately $2,656,575.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $24.88, for a total value of $248,800.00. Following the transaction, the executive vice president now owns 146,436 shares in the company, valued at $3,643,327.68. The disclosure for this sale can be found here. Insiders sold a total of 846,877 shares of company stock worth $20,492,200 over the last quarter. Company insiders own 9.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its position in Five9 by 41.0% during the 2nd quarter. Sei Investments Co. now owns 13,322 shares of the software maker’s stock worth $287,000 after acquiring an additional 3,871 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Five9 by 14.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 292,296 shares of the software maker’s stock valued at $6,291,000 after purchasing an additional 38,012 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Five9 in the 2nd quarter valued at about $2,411,000. Rhumbline Advisers increased its stake in shares of Five9 by 61.3% in the 2nd quarter. Rhumbline Advisers now owns 57,879 shares of the software maker’s stock valued at $1,246,000 after purchasing an additional 21,991 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Five9 by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 250,186 shares of the software maker’s stock valued at $5,383,000 after purchasing an additional 9,114 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Shares of Five9 (FIVN) opened at $24.10 on Friday. Five9 has a one year low of $14.08 and a one year high of $27.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1,340.00, a P/E ratio of -160.67 and a beta of 0.27.

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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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