Five9 Inc. (FIVN) Trading 2.2% Higher
Five9 Inc. (NASDAQ:FIVN)’s share price traded up 2.2% during mid-day trading on Monday . The company traded as high as $12.39 and last traded at $12.34, with a volume of 218,428 shares. The stock had previously closed at $12.07.
A number of equities research analysts have weighed in on the company. Bank of America Corp. reiterated a “hold” rating and issued a $11.50 target price on shares of Five9 in a report on Wednesday, May 11th. Canaccord Genuity lifted their target price on Five9 from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, March 29th. Craig Hallum assumed coverage on Five9 in a report on Thursday, June 9th. They issued a “buy” rating and a $16.00 target price for the company. Barclays PLC lowered their target price on Five9 from $11.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. Finally, Roth Capital assumed coverage on Five9 in a report on Thursday, April 14th. They issued a “buy” rating and a $16.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.81.
The company’s 50 day moving average is $11.96 and its 200-day moving average is $9.36. The stock’s market capitalization is $638.52 million.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The business earned $38 million during the quarter, compared to the consensus estimate of $36.06 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts expect that Five9 Inc. will post ($0.21) EPS for the current year.
In other news, CEO Michael Burkland sold 16,000 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $12.12, for a total transaction of $193,920.00. Following the completion of the transaction, the chief executive officer now directly owns 953,000 shares in the company, valued at approximately $11,550,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $12.06, for a total value of $96,480.00. Following the transaction, the chief financial officer now owns 422,508 shares of the company’s stock, valued at $5,095,446.48. The disclosure for this sale can be found here.
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. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
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