Analysts Expect Five9, Inc. (NASDAQ:FIVN) Will Post Quarterly Sales of $132.13 Million

Wall Street analysts expect that Five9, Inc. (NASDAQ:FIVN) will announce $132.13 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Five9’s earnings, with estimates ranging from $131.51 million to $132.50 million. Five9 reported sales of $99.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 32.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, August 2nd.

According to Zacks, analysts expect that Five9 will report full year sales of $546.71 million for the current financial year, with estimates ranging from $520.02 million to $551.20 million. For the next year, analysts anticipate that the company will report sales of $643.78 million, with estimates ranging from $603.22 million to $660.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Five9.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.35. The company had revenue of $137.88 million for the quarter, compared to analyst estimates of $122.55 million. Five9 had a negative net margin of 9.84% and a positive return on equity of 0.23%.

A number of analysts have issued reports on the stock. Craig Hallum lowered shares of Five9 from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Tuesday. Roth Capital reiterated a “hold” rating on shares of Five9 in a research note on Friday, May 28th. Piper Sandler upped their target price on shares of Five9 from $212.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, April 30th. Morgan Stanley restated an “equal weight” rating and set a $200.00 target price on shares of Five9 in a research note on Tuesday. Finally, UBS Group initiated coverage on shares of Five9 in a research note on Thursday, May 27th. They set a “buy” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $197.06.

NASDAQ:FIVN traded up $4.20 on Friday, reaching $193.39. 70,186 shares of the company’s stock were exchanged, compared to its average volume of 1,257,856. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 5.42. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of -271.74 and a beta of 0.50. The business has a fifty day simple moving average of $176.42. Five9 has a 52-week low of $107.77 and a 52-week high of $201.75.

In other news, CFO Barry Zwarenstein sold 12,500 shares of the stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $186.75, for a total value of $2,334,375.00. Following the completion of the sale, the chief financial officer now directly owns 90,785 shares of the company’s stock, valued at $16,954,098.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Burdiek sold 1,000 shares of the stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $172.00, for a total value of $172,000.00. Following the completion of the transaction, the director now owns 15,248 shares of the company’s stock, valued at approximately $2,622,656. The disclosure for this sale can be found here. Insiders sold 136,313 shares of company stock valued at $22,831,306 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in FIVN. Huntington National Bank lifted its stake in shares of Five9 by 102.1% in the 1st quarter. Huntington National Bank now owns 192 shares of the software maker’s stock valued at $30,000 after purchasing an additional 97 shares in the last quarter. Ellevest Inc. lifted its stake in shares of Five9 by 166.7% in the 1st quarter. Ellevest Inc. now owns 200 shares of the software maker’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. CWM LLC lifted its stake in shares of Five9 by 165.9% in the 1st quarter. CWM LLC now owns 234 shares of the software maker’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Five9 in the 1st quarter valued at about $39,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Five9 by 45.2% in the 1st quarter. State of Alaska Department of Revenue now owns 257 shares of the software maker’s stock valued at $40,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.

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Earnings History and Estimates for Five9 (NASDAQ:FIVN)

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