DA Davidson Comments on Five9’s Q4 Earnings (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Five9 in a note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria anticipates 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 objective on the stock. The consensus estimate for Five9’s current full-year earnings is ($0.09) per share.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $55.00 to $40.00 in a research report on Tuesday. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday. Truist Financial reiterated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Barclays lowered their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, BTIG Research reduced their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Trading Up 7.7 %

Shares of Five9 stock opened at $39.67 on Tuesday. The stock has a market cap of $2.96 billion, a PE ratio of -79.34 and a beta of 0.85. The firm has a fifty day moving average price of $29.46 and a 200 day moving average price of $39.09. Five9 has a 1 year low of $26.60 and a 1 year high of $92.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. The trade was 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 through this link. In other Five9 news, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Daniel P. Burkland sold 2,605 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the completion of the sale, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock worth $1,097,753 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. Quent Capital LLC grew its stake in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the period. BOKF NA grew its stake in shares of Five9 by 1.7% in the first quarter. BOKF NA now owns 39,846 shares of the software maker’s stock valued at $2,445,000 after buying an additional 657 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Five9 by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after buying an additional 673 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Five9 by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker’s stock valued at $4,751,000 after purchasing an additional 745 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.