Five9 (NASDAQ:FIVN) Updates Q4 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.69-0.71 for the period, compared to the consensus estimate of $0.69. The company issued revenue guidance of $267-268 million, compared to the consensus revenue estimate of $261.21 million.

Five9 Price Performance

Shares of FIVN traded up $1.33 on Thursday, reaching $32.81. 3,307,743 shares of the stock traded hands, compared to its average volume of 1,458,653. The stock’s 50-day moving average price is $29.38 and its 200-day moving average price is $39.58. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The company had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. On average, research analysts anticipate that Five9 will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, August 5th. Northland Securities lowered their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Robert W. Baird lowered shares of 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 research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective on shares of Five9 in a research report on Wednesday, August 21st. Finally, Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

Insider Buying and Selling

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 transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,493 shares of company stock valued at $1,097,753. Company insiders own 1.80% 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.