Five9 (FIVN) to Release Earnings on Thursday

Five9 (NASDAQ:FIVN - Get Free Report) is expected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Five9 to post earnings of $0.70 per share and revenue of $267.70 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Five9 Price Performance

Five9 stock traded down $1.39 during mid-day trading on Friday, reaching $40.12. 866,980 shares of the company's stock traded hands, compared to its average volume of 1,154,628. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -80.24, a PEG ratio of 9.48 and a beta of 0.93. The stock has a 50 day moving average of $40.65 and a two-hundred day moving average of $35.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 12-month low of $26.60 and a 12-month high of $77.21.

Insider Transactions at Five9

In other news, CFO Barry Zwarenstein sold 3,336 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $139,611.60. Following the transaction, the chief financial officer now directly owns 98,396 shares in the company, valued at approximately $4,117,872.60. This represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,004 shares of company stock worth $1,209,279. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 price target on shares of Five9 in a research note on Tuesday, January 21st. Wells Fargo & Company downgraded shares of Five9 from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Truist Financial reaffirmed a "buy" rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Finally, Robert W. Baird increased their target price on shares of Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Five9 presently has a consensus rating of "Moderate Buy" and an average price target of $57.50.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.