Five9 (FIVN) Set to Announce Quarterly Earnings on Thursday

Five9 (NASDAQ:FIVN) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Five9 to post earnings of $0.58 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. On average, analysts expect Five9 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Five9 Price Performance

FIVN traded down $0.23 on Tuesday, hitting $30.08. 320,215 shares of the company’s stock traded hands, compared to its average volume of 1,444,844. Five9 has a one year low of $26.60 and a one year high of $92.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -42.10 and a beta of 0.85. The company’s 50 day simple moving average is $29.44 and its 200-day simple moving average is $39.83.

Insiders Place Their Bets

In related news, CAO Leena Mansharamani sold 1,395 shares of the firm’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 transaction, the chief accounting officer now owns 36,872 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. In other news, CRO Daniel P. Burkland sold 2,605 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock valued at $1,097,753 over the last 90 days. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIVN. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective on shares of Five9 in a report on Wednesday, August 21st. Robert W. Baird cut Five9 from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $40.00 in a report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $47.00 price target on shares of Five9 in a research note on Wednesday, August 21st. 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 note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

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.