Five9 Inc. (FIVN) Shares Up 3%
Five9 Inc. (NASDAQ:FIVN) shares shot 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 traded. The stock had previously closed at $14.20.
A number of brokerages have recently commented on FIVN. Needham & Company LLC upped their price target on Five9 from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Barclays PLC upped their price target on Five9 from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, August 4th. Craig Hallum started coverage on Five9 in a research note on Thursday, June 9th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Bank of America Corp. restated a “hold” rating and issued a $11.50 target price on shares of Five9 in a research note on Wednesday, May 11th. Three 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 an average rating of “Buy” and a consensus price target of $13.44.
The company’s market capitalization is $773.59 million. The stock has a 50-day moving average of $12.88 and a 200-day moving average of $10.26.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.05. The company earned $38.90 million during the quarter, compared to the consensus estimate of $36.86 million. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Equities research analysts anticipate that Five9 Inc. will post ($0.14) EPS for the current fiscal year.
In other Five9 news, major shareholder Adams Street Partners Llc sold 1,813,043 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Burkland sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $14.01, for a total value of $168,120.00. Following the completion of the transaction, the chief executive officer now owns 953,000 shares of the company’s stock, valued at $13,351,530. 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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