Five9 Inc (NASDAQ:FIVN) – Investment analysts at SunTrust Banks issued their Q3 2020 earnings per share (EPS) estimates for shares of Five9 in a report released on Tuesday, November 5th. SunTrust Banks analyst T. Tillman forecasts that the software maker will earn $0.06 per share for the quarter. SunTrust Banks has a “Buy” rating and a $66.00 price objective on the stock.
A number of other research firms have also weighed in on FIVN. Morgan Stanley lowered Five9 from an “overweight” rating to an “equal” rating and set a $58.00 price objective on the stock. in a research note on Thursday, September 19th. JPMorgan Chase & Co. raised Five9 from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $70.00 in a research note on Thursday, August 1st. Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective (up previously from $65.00) on shares of Five9 in a research note on Wednesday. KeyCorp reissued a “hold” rating on shares of Five9 in a research note on Wednesday, July 31st. Finally, Roth Capital boosted their price objective on Five9 from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Five9 currently has a consensus rating of “Buy” and an average price target of $63.46.
NASDAQ FIVN traded up $0.29 on Friday, reaching $60.66. 393,300 shares of the company were exchanged, compared to its average volume of 804,117. The business’s fifty day moving average price is $55.56 and its 200 day moving average price is $54.28. The stock has a market capitalization of $3.36 billion, a P/E ratio of 404.40, a price-to-earnings-growth ratio of 138.57 and a beta of 0.66. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 1.27. Five9 has a fifty-two week low of $35.37 and a fifty-two week high of $65.45.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The company had revenue of $83.77 million for the quarter, compared to analyst estimates of $78.69 million. Five9 had a positive return on equity of 8.23% and a negative net margin of 0.54%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share.
Several institutional investors have recently made changes to their positions in the company. Lisanti Capital Growth LLC acquired a new position in shares of Five9 in the 3rd quarter valued at $2,659,000. Focused Wealth Management Inc purchased a new stake in shares of Five9 in the 3rd quarter valued at $64,000. BBVA USA Bancshares Inc. purchased a new stake in shares of Five9 in the 3rd quarter valued at $511,000. Boston Advisors LLC raised its holdings in shares of Five9 by 50.1% in the 3rd quarter. Boston Advisors LLC now owns 37,420 shares of the software maker’s stock valued at $2,011,000 after buying an additional 12,493 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Five9 by 5,538.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,199 shares of the software maker’s stock valued at $118,000 after buying an additional 2,160 shares during the period.
In other news, Director Michael Burkland sold 27,200 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $61.64, for a total value of $1,676,608.00. Following the transaction, the director now owns 68,822 shares of the company’s stock, valued at approximately $4,242,188.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 7,663 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $61.47, for a total value of $471,044.61. Following the completion of the transaction, the chief financial officer now directly owns 112,764 shares in the company, valued at approximately $6,931,603.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,448 shares of company stock worth $10,890,414. Corporate insiders own 4.90% of the company’s stock.
Five9 Company Profile
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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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