Five9 Inc. (FIVN) Trading 3% Higher
Five9 Inc. (NASDAQ:FIVN)’s share price traded up 3% during trading on Tuesday . The company traded as high as $14.78 and last traded at $14.62, with a volume of 429,688 shares changing hands. The stock had previously closed at $14.20.
A number of equities analysts have recently commented on the stock. Bank of America Corp. reaffirmed a “hold” rating and issued a $11.50 target price on shares of Five9 in a report on Wednesday, May 11th. Craig Hallum assumed coverage on shares of Five9 in a report on Thursday, June 9th. They issued a “buy” rating and a $16.00 target price on the stock. Barclays PLC cut their target price on shares of Five9 from $11.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, June 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Five9 in a report on Monday, May 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.44.
The firm’s 50-day moving average price is $12.74 and its 200-day moving average price is $10.17. The stock’s market cap is $778.85 million.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. The company had revenue of $38.90 million for the quarter, compared to analyst estimates of $36.86 million. During the same period in the prior year, the company earned ($0.10) EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that Five9 Inc. will post ($0.14) earnings per share for the current year.
In other news, major shareholder Adams Street Partners Llc sold 1,813,043 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $13.25, for a total value of $24,022,819.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Welch sold 7,804 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.62, for a total value of $106,290.48. Following the completion of the transaction, the executive vice president now owns 200,810 shares of the company’s stock, valued at $2,735,032.20. 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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