Five9 Inc. (FIVN) Sets New 52-Week High at $14.04
Five9 Inc. (NASDAQ:FIVN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $14.04 and last traded at $13.84, with a volume of 229,120 shares. The stock had previously closed at $13.67.
A number of equities research analysts have issued reports on FIVN shares. Needham & Company LLC increased their price objective on shares of Five9 from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Barclays PLC reissued a “buy” rating on shares of Five9 in a report on Sunday, July 17th. Craig Hallum initiated coverage on shares of Five9 in a report on Thursday, June 9th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Bank of America Corp. reissued a “hold” rating and issued a $11.50 target price on shares of Five9 in a report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Five9 currently has an average rating of “Buy” and an average price target of $13.44.
The firm’s market capitalization is $726.82 million. The stock’s 50-day moving average price is $12.61 and its 200 day moving average price is $10.07.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. The business had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $36.86 million. During the same period in the previous year, the firm posted ($0.10) EPS. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts expect that Five9 Inc. will post ($0.14) earnings per share for the current year.
In other news, insider Daniel P. Burkland sold 2,603 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $11.58, for a total transaction of $30,142.74. Following the completion of the transaction, the insider now owns 124,502 shares of the company’s stock, valued at $1,441,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 16,000 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $11.85, for a total value of $189,600.00. Following the transaction, the chief executive officer now directly owns 953,000 shares of the company’s stock, valued at approximately $11,293,050. 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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