Wall Street brokerages expect that Five9 Inc (NASDAQ:FIVN) will report earnings per share (EPS) of $0.04 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Five9’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. The business is expected to issue its next earnings report on Thursday, February 15th.
On average, analysts expect that Five9 will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.07 to $0.09. For the next year, analysts anticipate that the business will post earnings of $0.12 per share, with EPS estimates ranging from $0.05 to $0.17. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Five9.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company had revenue of $50.08 million during the quarter, compared to analyst estimates of $48.20 million. Five9’s revenue for the quarter was up 22.2% on a year-over-year basis.
A number of research analysts recently commented on FIVN shares. KeyCorp restated a “buy” rating and set a $27.00 price target on shares of Five9 in a research note on Friday, October 27th. Northland Securities restated a “buy” rating and set a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Canaccord Genuity upped 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. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, November 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Five9 in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.43.
Shares of Five9 (NASDAQ FIVN) traded up $0.13 during trading on Thursday, hitting $24.08. The stock had a trading volume of 418,300 shares, compared to its average volume of 504,650. The firm has a market cap of $1,332.84, a PE ratio of -171.99 and a beta of 0.27. Five9 has a fifty-two week low of $14.08 and a fifty-two week high of $27.81. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.
In other Five9 news, President Daniel P. Burkland sold 5,623 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $23.70, for a total value of $133,265.10. Following the completion of the transaction, the president now owns 130,813 shares in the company, valued at $3,100,268.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott Welch sold 3,902 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $25.30, for a total transaction of $98,720.60. Following the sale, the executive vice president now owns 105,003 shares of the company’s stock, valued at approximately $2,656,575.90. The disclosure for this sale can be found here. Insiders sold 846,877 shares of company stock worth $20,492,200 in the last three months. 9.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Trading LLC lifted its position in Five9 by 4.5% in the second quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after purchasing an additional 522 shares during the period. Zacks Investment Management lifted its position in Five9 by 2.7% in the second quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock valued at $1,013,000 after purchasing an additional 1,244 shares during the period. Virtu KCG Holdings LLC lifted its position in Five9 by 10.7% in the second quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock valued at $342,000 after purchasing an additional 1,536 shares during the period. Federated Investors Inc. PA lifted its position in Five9 by 2.9% in the second quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock valued at $1,335,000 after purchasing an additional 1,750 shares during the period. Finally, Suntrust Banks Inc. lifted its position in Five9 by 7.7% in the second quarter. Suntrust Banks Inc. now owns 24,744 shares of the software maker’s stock valued at $531,000 after purchasing an additional 1,774 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.
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Five9 Company Profile
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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