Five9 Inc. (FIVN) Shares Up 3.5%
Shares of Five9 Inc. (NASDAQ:FIVN) shot up 3.5% on Thursday . The stock traded as high as $15.54 and last traded at $15.52, with a volume of 405,367 shares. The stock had previously closed at $14.99.
Several analysts recently commented on the stock. Barclays PLC reiterated a “buy” rating on shares of Five9 in a research report on Sunday, July 17th. Bank of America Corp. reiterated a “hold” rating and issued a $11.50 price target on shares of Five9 in a research report on Wednesday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Five9 in a research report on Monday, May 16th. Finally, Craig Hallum assumed coverage on shares of Five9 in a research report on Thursday, June 9th. They issued a “buy” rating and a $16.00 price target for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $13.44.
The stock’s market cap is $817.74 million. The stock’s 50-day moving average is $13.26 and its 200 day moving average is $10.56.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. During the same period in the previous year, the business posted ($0.10) EPS. The company had revenue of $38.90 million for the quarter, compared to analyst estimates of $36.86 million. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts anticipate that Five9 Inc. will post ($0.14) earnings per share for the current fiscal year.
In other Five9 news, Director David S. Welsh sold 1,819,162 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $13.25, for a total value of $24,103,896.50. Following the sale, the director now directly owns 36,721 shares in the company, valued at $486,553.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Welch sold 27,936 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $11.91, for a total value of $332,717.76. Following the completion of the sale, the executive vice president now owns 207,116 shares in the company, valued at $2,466,751.56. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Five9 stock. Ameriprise Financial Inc. boosted its position in Five9 Inc. (NASDAQ:FIVN) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,710 shares of the company’s stock after buying an additional 9,460 shares during the period. Ameriprise Financial Inc. owned about 0.53% of Five9 worth $2,320,000 at the end of the most recent reporting period.
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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