Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 10,222 shares of Five9 stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $42.51, for a total value of $434,537.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
NASDAQ:FIVN opened at $40.22 on Friday. The company has a market capitalization of $2.43 billion, a PE ratio of -236.59, a P/E/G ratio of 106.63 and a beta of 0.60. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. Five9 Inc has a 12-month low of $22.55 and a 12-month high of $49.50.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The firm had revenue of $65.30 million for the quarter, compared to the consensus estimate of $61.70 million. During the same period in the previous year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. Equities analysts predict that Five9 Inc will post 0.04 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC purchased a new stake in shares of Five9 in the second quarter valued at approximately $110,000. Concentric Wealth Management LLC purchased a new stake in shares of Five9 in the third quarter valued at approximately $208,000. Great West Life Assurance Co. Can boosted its stake in shares of Five9 by 81.0% in the second quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after buying an additional 2,419 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Five9 in the second quarter valued at approximately $214,000. Finally, Mirador Capital Partners LP purchased a new stake in shares of Five9 in the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.
A number of research firms have recently issued reports on FIVN. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Five9 in a report on Thursday, August 23rd. Barclays boosted their target price on Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Friday, September 28th. Finally, Roth Capital boosted their target price on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” 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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