Five9 (FIVN) Expected to Announce Quarterly Earnings on Wednesday

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

Five9 Stock Performance

Shares of NASDAQ FIVN opened at $40.65 on Wednesday. The stock has a fifty day moving average price of $40.75 and a two-hundred day moving average price of $35.95. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $3.06 billion, a P/E ratio of -81.30, a PEG ratio of 9.48 and a beta of 0.93. Five9 has a 1 year low of $26.60 and a 1 year high of $79.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FIVN shares. Robert W. Baird increased their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. DA Davidson increased their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Five9 in a research report on Tuesday, January 21st. Finally, Rosenblatt Securities increased their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.50.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the sale, the chief executive officer now owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 3,336 shares of Five9 stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $139,611.60. Following the sale, the chief financial officer now directly owns 98,396 shares of the company’s stock, valued at approximately $4,117,872.60. The trade was a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock valued at $1,209,279 over the last quarter. 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.