Shares of Five9 Inc (NASDAQ:FIVN) fell 6.6% during mid-day trading on Tuesday . The stock traded as low as $52.90 and last traded at $53.02, 990,655 shares were traded during trading. An increase of 20% from the average session volume of 824,697 shares. The stock had previously closed at $56.79.
Several research firms have recently issued reports on FIVN. Guggenheim began coverage on shares of Five9 in a report on Thursday, September 26th. They set a “buy” rating and a $70.00 target price for the company. Morgan Stanley lowered shares of Five9 from an “overweight” rating to an “equal” rating and set a $58.00 target price for the company. in a report on Thursday, September 19th. ValuEngine lowered shares of Five9 from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks lifted their target price on shares of Five9 to $66.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Dougherty & Co upgraded shares of Five9 from a “neutral” rating to a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Five9 has a consensus rating of “Buy” and a consensus price target of $59.92.
The company has a market cap of $3.44 billion, a P/E ratio of 367.80, a P/E/G ratio of 141.98 and a beta of 0.58. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.41 and a quick ratio of 6.41. The company’s 50-day moving average is $58.37 and its two-hundred day moving average is $53.63.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The company had revenue of $77.44 million during the quarter, compared to the consensus estimate of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Equities research analysts anticipate that Five9 Inc will post 0.04 EPS for the current year.
In related news, CEO Rowan M. Trollope sold 2,024 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $56.93, for a total transaction of $115,226.32. Following the completion of the sale, the chief executive officer now owns 395,456 shares of the company’s stock, valued at $22,513,310.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Barry Zwarenstein sold 7,663 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $52.05, for a total transaction of $398,859.15. Following the sale, the chief financial officer now directly owns 112,764 shares of the company’s stock, valued at approximately $5,869,366.20. The disclosure for this sale can be found here. Insiders have sold 292,313 shares of company stock valued at $16,958,450 in the last three months. 4.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FIVN. Vanguard Group Inc. grew its position in Five9 by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,934,061 shares of the software maker’s stock worth $355,649,000 after purchasing an additional 93,246 shares during the period. Sylebra Capital Ltd grew its position in Five9 by 0.3% in the 2nd quarter. Sylebra Capital Ltd now owns 2,057,330 shares of the software maker’s stock worth $105,520,000 after purchasing an additional 6,591 shares during the period. Tremblant Capital Group grew its position in Five9 by 26.5% in the 2nd quarter. Tremblant Capital Group now owns 940,677 shares of the software maker’s stock worth $48,247,000 after purchasing an additional 197,062 shares during the period. Northern Trust Corp grew its position in Five9 by 3.4% in the 2nd quarter. Northern Trust Corp now owns 884,167 shares of the software maker’s stock worth $45,349,000 after purchasing an additional 28,862 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in Five9 in the 2nd quarter worth approximately $44,653,000.
About Five9 (NASDAQ:FIVN)
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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