Five9 (NASDAQ:FIVN) released its earnings results on Tuesday. The software maker reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09, Morningstar.com reports. The company had revenue of $65.30 million during the quarter, compared to analysts’ expectations of $61.70 million. Five9 had a positive return on equity of 1.00% and a negative net margin of 1.90%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS.
Shares of NASDAQ:FIVN traded up $1.08 during midday trading on Thursday, hitting $44.84. The company had a trading volume of 22,874 shares, compared to its average volume of 634,679. Five9 has a 12 month low of $22.51 and a 12 month high of $49.50. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $2.24 billion, a P/E ratio of -262.35 and a beta of 0.59.
In other news, CFO Barry Zwarenstein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the transaction, the chief financial officer now directly owns 128,098 shares in the company, valued at approximately $6,052,630.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Welch sold 1,750 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $37.99, for a total value of $66,482.50. Following the completion of the transaction, the executive vice president now owns 78,711 shares in the company, valued at $2,990,230.89. The disclosure for this sale can be found here. Insiders sold a total of 98,708 shares of company stock worth $4,296,448 over the last 90 days. 5.10% of the stock is owned by corporate insiders.
FIVN has been the subject of several research reports. Dougherty & Co initiated coverage on Five9 in a research note on Tuesday, October 16th. They issued a “hold” rating for the company. BidaskClub cut Five9 from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Zacks Investment Research cut Five9 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Stifel Nicolaus lifted their target price on Five9 from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, August 7th. Finally, Needham & Company LLC lifted their target price on Five9 from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.92.
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Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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 omnichannel engagement 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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