Five9 Inc (FIVN) Expected to Post Quarterly Sales of $61.70 Million

Equities research analysts predict that Five9 Inc (NASDAQ:FIVN) will announce sales of $61.70 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Five9’s earnings, with estimates ranging from $61.10 million to $62.00 million. Five9 posted sales of $50.08 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.2%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, November 6th.

On average, analysts expect that Five9 will report full-year sales of $246.35 million for the current financial year, with estimates ranging from $245.46 million to $248.00 million. For the next year, analysts forecast that the business will report sales of $291.15 million, with estimates ranging from $285.00 million to $295.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Five9.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. The business had revenue of $61.12 million during the quarter, compared to the consensus estimate of $56.42 million. Five9 had a negative return on equity of 3.56% and a negative net margin of 1.04%. Five9’s revenue for the quarter was up 28.1% compared to the same quarter last year.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their target price on shares of Five9 from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, August 7th. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Canaccord Genuity reissued a “buy” rating and issued a $42.00 target price (up previously from $34.00) on shares of Five9 in a report on Tuesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Five9 in a report on Thursday, August 23rd. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.36.

In other news, President Daniel P. Burkland sold 15,000 shares of Five9 stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $44.51, for a total transaction of $667,650.00. Following the sale, the president now owns 170,091 shares of the company’s stock, valued at $7,570,750.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scott Welch sold 1,411 shares of Five9 stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $44.19, for a total value of $62,352.09. Following the sale, the executive vice president now directly owns 92,534 shares in the company, valued at approximately $4,089,077.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,937 shares of company stock worth $4,700,892. Corporate insiders own 5.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC acquired a new position in shares of Five9 during the second quarter valued at approximately $110,000. Great West Life Assurance Co. Can increased its stake in shares of Five9 by 81.0% during the second quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after acquiring an additional 2,419 shares during the period. Atria Investments LLC acquired a new position in shares of Five9 during the second quarter valued at approximately $214,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Five9 during the second quarter valued at approximately $214,000. Finally, Mirador Capital Partners LP acquired a new position in shares of Five9 during the second quarter valued at approximately $234,000. Institutional investors and hedge funds own 96.43% of the company’s stock.

NASDAQ FIVN traded up $2.09 during trading hours on Wednesday, reaching $39.14. The company’s stock had a trading volume of 7,981 shares, compared to its average volume of 599,401. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.66. Five9 has a 52 week low of $22.51 and a 52 week high of $49.50. The stock has a market capitalization of $2.11 billion, a P/E ratio of -226.53 and a beta of 0.39.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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