Five9 (FIVN) Expected to Announce Quarterly Earnings on Wednesday

Five9 (NASDAQ:FIVN) is expected to be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect Five9 to post earnings of $0.70 per share and revenue of $267.69 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Five9 Price Performance

NASDAQ FIVN opened at $40.65 on Wednesday. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $79.43. The stock’s 50-day moving average is $40.75 and its two-hundred day moving average is $35.95. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $3.06 billion, a P/E ratio of -81.30, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIVN. Truist Financial restated a “buy” rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Morgan Stanley raised their target price on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of Five9 in a report on Tuesday, January 21st. DA Davidson lifted their price objective on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities lifted their price objective on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.50.

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 over the last three months. Company insiders own 1.80% of the company’s stock.

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.