Five9 Inc. (FIVN) Trading 2.2% Higher
Five9 Inc. (NASDAQ:FIVN) was up 2.2% during mid-day trading on Monday . The stock 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.
Several research analysts have recently commented on FIVN shares. Craig Hallum started coverage on Five9 in a report on Thursday, June 9th. They issued a “buy” rating and a $16.00 price objective on the stock. Barclays PLC reiterated a “buy” rating on shares of Five9 in a report on Sunday, July 17th. Roth Capital started coverage on Five9 in a report on Thursday, April 14th. They issued a “buy” rating and a $16.00 price objective on the stock. Canaccord Genuity lifted their price objective on Five9 from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, March 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Five9 in a report on Monday, May 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $12.81.
The stock’s 50-day moving average price is $12.00 and its 200 day moving average price is $9.44. The firm’s market cap is $650.96 million.
Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, May 10th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The firm earned $38 million during the quarter, compared to analyst estimates of $36.06 million. During the same quarter last year, the business earned ($0.12) earnings per share. Five9’s revenue was up 25.4% on a year-over-year basis. Analysts forecast that Five9 Inc. will post ($0.21) earnings per share for the current year.
In other Five9 news, CEO Michael Burkland sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $11.85, for a total value of $189,600.00. Following the completion of the sale, the chief executive officer now directly owns 953,000 shares in the company, valued at $11,293,050. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel P. Burkland sold 2,603 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $11.58, for a total transaction of $30,142.74. Following the completion of the sale, the insider now owns 124,502 shares of the company’s stock, valued at $1,441,733.16. 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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