Five9 (NASDAQ:FIVN) issued its quarterly earnings results on Sunday. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11, MarketWatch Earnings reports. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. The business had revenue of $127.89 million for the quarter, compared to the consensus estimate of $115.27 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Five9’s revenue for the quarter was up 38.6% compared to the same quarter last year.
Shares of Five9 stock traded up $11.31 during trading on Tuesday, reaching $178.09. The company’s stock had a trading volume of 112,894 shares, compared to its average volume of 688,478. The company has a debt-to-equity ratio of 2.46, a quick ratio of 9.32 and a current ratio of 9.32. The business’s fifty day moving average price is $174.48 and its 200-day moving average price is $149.94. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of -338.50 and a beta of 0.53. Five9 has a one year low of $52.51 and a one year high of $194.04.
A number of research firms recently issued reports on FIVN. Barclays lifted their price objective on Five9 from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Five9 from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. Roth Capital lifted their price objective on Five9 from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised Five9 from a “hold” rating to a “strong-buy” rating and set a $200.00 price objective for the company in a research report on Thursday, January 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Five9 from $170.00 to $209.00 and gave the company an “overweight” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $188.29.
In related news, CFO Barry Zwarenstein sold 12,500 shares of the business’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $181.91, for a total transaction of $2,273,875.00. Following the transaction, the chief financial officer now directly owns 89,298 shares in the company, valued at $16,244,199.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Daniel P. Burkland sold 1,149 shares of the business’s stock in a transaction dated Thursday, December 3rd. The shares were sold at an average price of $156.81, for a total value of $180,174.69. The disclosure for this sale can be found here. Insiders sold 86,208 shares of company stock worth $13,999,208 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.
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 digital engagement channels 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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