Research Analysts Set Expectations for Five9 Q4 Earnings

Five9, Inc. (NASDAQ:FIVN - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Five9 in a note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria forecasts that the software maker will post earnings of $0.13 per share for the quarter. DA Davidson has a "Neutral" rating and a $45.00 price target on the stock. The consensus estimate for Five9's current full-year earnings is ($0.09) per share.

Several other brokerages also recently commented on FIVN. Roth Mkm lowered their price objective on Five9 from $90.00 to $67.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Needham & Company LLC reissued a "buy" rating and set a $48.00 price objective on shares of Five9 in a research note on Friday. Robert W. Baird upped their target price on Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday. Wells Fargo & Company lowered Five9 from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $55.00 to $40.00 in a report on Tuesday. Finally, Barclays lowered their price target on Five9 from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.22.

Five9 Stock Performance

NASDAQ FIVN traded down $0.15 on Tuesday, hitting $39.52. 1,666,631 shares of the company traded hands, compared to its average volume of 1,499,019. The business's 50 day moving average price is $29.61 and its 200-day moving average price is $38.95. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -79.34 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC lifted its stake in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. BOKF NA increased its position in shares of Five9 by 1.7% during the first quarter. BOKF NA now owns 39,846 shares of the software maker's stock valued at $2,445,000 after acquiring an additional 657 shares in the last quarter. Rhumbline Advisers boosted its holdings in Five9 by 0.8% in the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock worth $3,793,000 after purchasing an additional 673 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Five9 by 1.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker's stock worth $4,751,000 after acquiring an additional 745 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock valued at $30,000 after buying an additional 984 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Leena Mansharamani sold 1,395 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 1,395 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,493 shares of company stock valued at $1,097,753. Insiders own 1.80% of the company's stock.

Five9 Company Profile

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.