Five9 Inc. (FIVN) Sets New 12-Month High at $14.04
Five9 Inc. (NASDAQ:FIVN)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $14.04 and last traded at $13.84, with a volume of 229,120 shares changing hands. The stock had previously closed at $13.67.
Several equities analysts have commented on FIVN shares. Craig Hallum initiated coverage on Five9 in a research report on Thursday, June 9th. They issued a “buy” rating and a $16.00 price objective on the stock. Barclays PLC increased their price target on Five9 from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, July 15th. Needham & Company LLC increased their price target on Five9 from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, Bank of America Corp. reissued a “hold” rating and set a $11.50 price target on shares of Five9 in a research report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Five9 currently has a consensus rating of “Buy” and an average target price of $13.44.
The firm’s 50 day moving average price is $12.67 and its 200 day moving average price is $10.11. The company’s market cap is $740.49 million.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. During the same quarter in the prior year, the firm posted ($0.10) EPS. The firm earned $38.90 million during the quarter, compared to analysts’ expectations of $36.86 million. Five9’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts expect that Five9 Inc. will post ($0.14) EPS for the current year.
In related news, EVP Scott Welch sold 7,804 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.62, for a total transaction of $106,290.48. Following the completion of the transaction, the executive vice president now directly owns 200,810 shares of the company’s stock, valued at approximately $2,735,032.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Burkland sold 2,603 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $11.58, for a total value of $30,142.74. Following the transaction, the insider now directly 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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