Five9 Inc (FIVN) Expected to Post Earnings of $0.04 Per Share

Equities analysts predict that Five9 Inc (NASDAQ:FIVN) will report earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Five9’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. The firm is scheduled to announce its next earnings results on Thursday, February 15th.

On average, analysts expect that Five9 will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.09. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.12 per share, with EPS estimates ranging from $0.05 to $0.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Five9.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The firm 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%. The business’s revenue was up 22.2% on a year-over-year basis.

FIVN has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and set a $28.00 price objective on shares of Five9 in a research report on Thursday, November 9th. KeyCorp reiterated a “buy” rating and issued a $27.00 price target on shares of Five9 in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of Five9 in a research report on Friday, November 10th. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Barclays lowered Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price target for the company. in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.50.

Five9 (NASDAQ:FIVN) opened at $24.36 on Friday. The firm has a market capitalization of $1,355.66, a PE ratio of -173.99 and a beta of 0.27. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 has a 12-month low of $15.27 and a 12-month high of $27.81.

In related news, Director Michael Burkland sold 24,000 shares of Five9 stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.78, for a total value of $570,720.00. Following the completion of the transaction, the director now owns 762,582 shares in the company, valued at $18,134,199.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott Welch sold 11,892 shares of Five9 stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $23.58, for a total value of $280,413.36. Following the completion of the transaction, the executive vice president now owns 112,484 shares of the company’s stock, valued at approximately $2,652,372.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 860,877 shares of company stock valued at $20,814,120. 9.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Five9 by 25.5% in the second quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after purchasing an additional 670,939 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Five9 by 6.7% in the second quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock worth $45,485,000 after purchasing an additional 132,100 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Five9 by 31.4% in the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after purchasing an additional 366,166 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Five9 in the second quarter worth about $21,296,000. Finally, FMR LLC lifted its stake in Five9 by 19.6% in the second quarter. FMR LLC now owns 956,737 shares of the software maker’s stock worth $20,589,000 after purchasing an additional 156,737 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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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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