$145.18 Million in Sales Expected for Five9, Inc. (NASDAQ:FIVN) This Quarter

Wall Street brokerages forecast that Five9, Inc. (NASDAQ:FIVN) will post $145.18 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Five9’s earnings, with the highest sales estimate coming in at $153.90 million and the lowest estimate coming in at $133.91 million. Five9 reported sales of $112.14 million in the same quarter last year, which indicates a positive year-over-year growth rate of 29.5%. The business is expected to announce its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that Five9 will report full-year sales of $580.44 million for the current financial year, with estimates ranging from $549.00 million to $606.80 million. For the next financial year, analysts anticipate that the business will report sales of $700.97 million, with estimates ranging from $660.05 million to $787.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Five9.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Tuesday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The company had revenue of $143.78 million during the quarter, compared to analyst estimates of $132.46 million. Five9 had a negative net margin of 9.11% and a negative return on equity of 2.67%. Five9’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS.

Several brokerages recently issued reports on FIVN. Robert W. Baird reiterated a “buy” rating and issued a $200.00 price target on shares of Five9 in a research note on Wednesday, July 28th. Truist lowered shares of Five9 from a “buy” rating to a “hold” rating and reduced their price objective for the company from $225.00 to $212.00 in a research note on Monday, August 9th. Morgan Stanley restated an “equal weight” rating and set a $200.00 price objective on shares of Five9 in a research note on Tuesday, July 20th. Canaccord Genuity lowered shares of Five9 from a “buy” rating to a “hold” rating and reduced their price objective for the company from $210.00 to $200.00 in a research note on Tuesday, July 20th. Finally, Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 19th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Five9 has an average rating of “Hold” and a consensus target price of $200.65.

Shares of Five9 stock traded up $3.32 during trading on Monday, hitting $168.19. The company’s stock had a trading volume of 154,388 shares, compared to its average volume of 1,085,354. The company has a debt-to-equity ratio of 4.75, a quick ratio of 4.80 and a current ratio of 4.80. The company has a fifty day simple moving average of $184.76 and a two-hundred day simple moving average of $176.11. The company has a market capitalization of $11.39 billion, a PE ratio of -235.41 and a beta of 0.48. Five9 has a 52 week low of $116.93 and a 52 week high of $211.68.

In other news, CEO Rowan M. Trollope sold 6,000 shares of Five9 stock in a transaction that occurred on Tuesday, July 6th. The shares were sold at an average price of $191.78, for a total transaction of $1,150,680.00. Following the sale, the chief executive officer now owns 195,256 shares in the company, valued at $37,446,195.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $182.52, for a total transaction of $2,281,500.00. Following the sale, the chief financial officer now owns 94,455 shares in the company, valued at approximately $17,239,926.60. The disclosure for this sale can be found here. Insiders have sold 42,082 shares of company stock worth $7,901,238 in the last ninety days. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ellevest Inc. increased its position in Five9 by 166.7% in the first quarter. Ellevest Inc. now owns 200 shares of the software maker’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Five9 by 36.0% during the second quarter. Quadrant Capital Group LLC now owns 189 shares of the software maker’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Five9 during the first quarter valued at $39,000. AllSquare Wealth Management LLC purchased a new stake in shares of Five9 during the first quarter valued at $45,000. Finally, Berman Capital Advisors LLC boosted its stake in shares of Five9 by 454.2% during the second quarter. Berman Capital Advisors LLC now owns 327 shares of the software maker’s stock valued at $59,000 after purchasing an additional 268 shares during the period. Institutional investors own 98.31% of the company’s stock.

Five9 Company Profile

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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Earnings History and Estimates for Five9 (NASDAQ:FIVN)

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