Five9 Inc. (FIVN) Stock Price Up 3.5%
Five9 Inc. (NASDAQ:FIVN)’s share price rose 3.5% during mid-day trading on Thursday . The stock traded as high as $15.54 and last traded at $15.52, with a volume of 405,367 shares traded. The stock had previously closed at $14.99.
FIVN has been the topic of several recent research reports. Craig Hallum initiated coverage on Five9 in a research report on Thursday, June 9th. They set a “buy” rating and a $16.00 price target on the stock. Barclays PLC increased their price objective on Five9 from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, July 15th. Needham & Company LLC increased their price objective on Five9 from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, Bank of America Corp. reiterated a “hold” rating and issued a $11.50 price objective on shares of Five9 in a report on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Five9 has an average rating of “Buy” and a consensus target price of $13.44.
The company’s market capitalization is $834.03 million. The firm has a 50 day moving average price of $13.45 and a 200-day moving average price of $10.63.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. During the same period last year, the business earned ($0.10) earnings per share. The business earned $38.90 million during the quarter, compared to analysts’ expectations of $36.86 million. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts forecast that Five9 Inc. will post ($0.14) EPS for the current 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 shares were sold at an average price of $13.25, for a total value of $24,022,819.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael J. Crane sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $15.50, for a total transaction of $51,661.50. Following the completion of the transaction, the executive vice president now directly owns 80,005 shares in the company, valued at $1,240,077.50. 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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