Five9, Inc. (NASDAQ:FIVN) Forecasted to Post FY2024 Earnings of ($0.19) Per Share

Five9, Inc. (NASDAQ:FIVN) – Equities research analysts at William Blair lifted their FY2024 earnings per share estimates for Five9 in a research note issued to investors on Monday, May 6th. William Blair analyst A. Bhatia now anticipates that the software maker will earn ($0.19) per share for the year, up from their prior forecast of ($0.20). The consensus estimate for Five9’s current full-year earnings is ($0.42) per share.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The firm had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%.

Other analysts have also issued reports about the company. Morgan Stanley cut their price objective on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company dropped their price objective on Five9 from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Royal Bank of Canada assumed coverage on shares of Five9 in a research note on Friday, March 15th. They issued an “outperform” rating and a $80.00 target price for the company. Canaccord Genuity Group cut their price target on shares of Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Five9 in a report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Five9 Stock Down 1.4 %

Five9 stock opened at $53.56 on Thursday. The firm’s 50 day moving average price is $59.46 and its two-hundred day moving average price is $68.26. The firm has a market cap of $3.96 billion, a PE ratio of -63.01 and a beta of 0.85. Five9 has a twelve month low of $51.01 and a twelve month high of $92.40. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently made changes to their positions in FIVN. Arcadia Investment Management Corp MI increased its stake in Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Five9 by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock valued at $2,008,000 after purchasing an additional 160 shares during the period. Arizona State Retirement System raised its holdings in shares of Five9 by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 20,266 shares of the software maker’s stock worth $1,303,000 after buying an additional 172 shares in the last quarter. US Bancorp DE boosted its stake in Five9 by 1.4% in the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after buying an additional 228 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its position in Five9 by 4.5% in the third quarter. Schechter Investment Advisors LLC now owns 6,319 shares of the software maker’s stock valued at $406,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Transactions at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.