Five9 Inc. (FIVN) Sets New 12-Month High at $15.10
Five9 Inc. (NASDAQ:FIVN)’s share price reached a new 52-week high on Wednesday . The company traded as high as $15.10 and last traded at $15.00, with a volume of 540,570 shares. The stock had previously closed at $14.50.
Several brokerages have commented on FIVN. Barclays PLC decreased their price target on shares of Five9 from $11.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, June 1st. Bank of America Corp. reissued a “hold” rating and issued a $11.50 price target on shares of Five9 in a research report on Wednesday, May 11th. Craig Hallum started coverage on shares of Five9 in a report on Thursday, June 9th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Five9 in a report on Monday, May 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.44.
The company has a 50 day moving average of $13.18 and a 200 day moving average of $10.53. The company’s market cap is $787.26 million.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The business had revenue of $38.90 million for 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. Equities research analysts predict that Five9 Inc. will post ($0.14) earnings per share for the current fiscal year.
In other news, Director David S. Welsh sold 1,819,162 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $13.25, for a total value of $24,103,896.50. Following the completion of the transaction, the director now directly owns 36,721 shares in the company, valued at $486,553.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael J. Crane sold 2,362 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $11.69, for a total transaction of $27,611.78. Following the completion of the transaction, the executive vice president now owns 95,636 shares of the company’s stock, valued at $1,117,984.84. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Five9 stock. Ameriprise Financial Inc. boosted its stake in shares of Five9 Inc. (NASDAQ:FIVN) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 266,710 shares of the company’s stock after buying an additional 9,460 shares during the period. Ameriprise Financial Inc. owned approximately 0.53% of Five9 worth $2,320,000 as of its most recent SEC filing.
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.