Five9 (NASDAQ:FIVN – Get Free Report) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share guidance of 2.920-2.96 for the period, compared to the consensus earnings per share estimate of 2.050. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.
Analysts Set New Price Targets
FIVN has been the subject of a number of recent research reports. Morgan Stanley set a $30.00 price objective on Five9 in a research report on Tuesday, October 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. Barclays decreased their price target on Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research upgraded Five9 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Cantor Fitzgerald decreased their target price on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.65.
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Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. Analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.
Insider Activity
In related news, CAO Leena Mansharamani sold 2,969 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.85, for a total transaction of $76,748.65. Following the completion of the sale, the chief accounting officer owned 41,522 shares in the company, valued at $1,073,343.70. This represents a 6.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Panos Kozanian sold 10,860 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.87, for a total value of $280,948.20. Following the completion of the sale, the executive vice president directly owned 105,315 shares of the company’s stock, valued at $2,724,499.05. This represents a 9.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 60,781 shares of company stock worth $1,562,457. Insiders own 1.60% of the company’s stock.
Institutional Investors Weigh In On Five9
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in Five9 by 2,005.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,663 shares of the software maker’s stock valued at $203,000 after buying an additional 7,299 shares during the period. Sender Co & Partners Inc. bought a new stake in Five9 in the second quarter valued at about $275,000. Two Sigma Securities LLC acquired a new position in Five9 in the second quarter worth about $315,000. Osaic Holdings Inc. lifted its stake in Five9 by 682.8% during the second quarter. Osaic Holdings Inc. now owns 15,108 shares of the software maker’s stock worth $410,000 after purchasing an additional 13,178 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in Five9 during the second quarter valued at approximately $416,000. Institutional investors and hedge funds own 96.64% 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.
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