Five9 Inc. (FIVN) Sets New 52-Week High at $16.23
Five9 Inc. (NASDAQ:FIVN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.23 and last traded at $15.64, with a volume of 337,871 shares traded. The stock had previously closed at $15.87.
Several research analysts recently commented on FIVN shares. Needham & Company LLC boosted their price objective on shares of Five9 from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Barclays PLC reiterated a “buy” rating on shares of Five9 in a research note on Sunday, July 17th. Craig Hallum started coverage on shares of Five9 in a research note on Thursday, June 9th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Bank of America Corp. reiterated a “hold” rating and set a $11.50 price objective on shares of Five9 in a research note on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Five9 currently has a consensus rating of “Buy” and an average target price of $13.44.
The company’s market cap is $821.16 million. The stock’s 50-day moving average price is $13.45 and its 200 day moving average price is $10.63.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. The business earned $38.90 million during the quarter, compared to analysts’ expectations of $36.86 million. During the same period in the previous year, the business posted ($0.10) EPS. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts expect that Five9 Inc. will post ($0.14) earnings per share for the current fiscal year.
In related news, major shareholder Adams Street Partners Llc sold 1,813,043 shares of Five9 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Welch sold 27,936 shares of Five9 stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $11.91, for a total transaction of $332,717.76. Following the completion of the transaction, the executive vice president now owns 207,116 shares of the company’s stock, valued at approximately $2,466,751.56. 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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