Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 13,934 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $54.29, for a total value of $756,476.86. Following the sale, the president now owns 172,394 shares of the company’s stock, valued at $9,359,270.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ FIVN traded up $0.85 during trading on Friday, reaching $55.58. The stock had a trading volume of 255,286 shares, compared to its average volume of 748,545. Five9 Inc has a fifty-two week low of $34.66 and a fifty-two week high of $65.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41. The business’s 50-day moving average price is $58.04 and its 200-day moving average price is $53.65. The company has a market cap of $3.37 billion, a P/E ratio of 370.53, a PEG ratio of 137.93 and a beta of 0.58.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million during the quarter, compared to analyst estimates of $72.42 million. Five9 had a positive return on equity of 8.90% and a negative net margin of 0.47%. Five9’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. Analysts forecast that Five9 Inc will post 0.04 EPS for the current fiscal year.
A number of brokerages have recently weighed in on FIVN. Rosenblatt Securities assumed coverage on Five9 in a report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Five9 in a research report on Wednesday, July 31st. Guggenheim initiated coverage on Five9 in a research report on Thursday, September 26th. They set a “buy” rating and a $70.00 price target on the stock. Morgan Stanley downgraded Five9 from an “overweight” rating to an “equal” rating and set a $58.00 target price on the stock. in a research report on Thursday, September 19th. Finally, BidaskClub downgraded Five9 from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.92.
Large investors have recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC lifted its holdings in Five9 by 1,008.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock worth $27,000 after buying an additional 504 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in Five9 during the 2nd quarter worth about $39,000. Dorsey Wright & Associates lifted its holdings in Five9 by 33.3% during the 2nd quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock worth $40,000 after buying an additional 197 shares during the last quarter. Private Capital Group LLC lifted its holdings in Five9 by 27.5% during the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after buying an additional 277 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in Five9 during the 2nd quarter worth about $70,000.
Five9 Company Profile
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; 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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