Five9 Inc. (FIVN) Reaches New 1-Year High at $15.10
Five9 Inc. (NASDAQ:FIVN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.10 and last traded at $15.00, with a volume of 540,570 shares traded. The stock had previously closed at $14.50.
A number of brokerages recently issued reports on FIVN. 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. Craig Hallum initiated coverage on Five9 in a research note on Thursday, June 9th. They set a “buy” rating and a $16.00 price objective for the company. Barclays PLC reduced their price objective on Five9 from $11.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, June 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Five9 in a research note on Monday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $13.44.
The company’s 50 day moving average price is $13.35 and its 200-day moving average price is $10.60. The firm’s market cap is $817.74 million.
Five9 (NASDAQ:FIVN) last announced its 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. During the same quarter last year, the business posted ($0.10) EPS. The firm had revenue of $38.90 million for the quarter, compared to analyst estimates of $36.86 million. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, equities analysts predict 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 Five9 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 transaction, the director now owns 36,721 shares in the company, valued at approximately $486,553.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael J. Crane sold 2,362 shares of Five9 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 in the company, valued at approximately $1,117,984.84. 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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