Equities Analysts Offer Predictions for Five9 Q4 Earnings

Five9, Inc. (NASDAQ:FIVN) – Equities researchers at DA Davidson issued their Q4 2024 earnings estimates for shares of Five9 in a note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria anticipates that the software maker will post earnings per share of $0.13 for the quarter. DA Davidson has a “Neutral” rating and a $45.00 price objective on the stock. The consensus estimate for Five9’s current full-year earnings is ($0.09) per share.

FIVN has been the subject of several other research reports. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $40.00 in a research note on Tuesday. Northland Securities reduced their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Robert W. Baird raised their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, August 27th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Stock Down 1.0 %

FIVN stock opened at $39.27 on Tuesday. Five9 has a one year low of $26.60 and a one year high of $92.40. The stock has a market capitalization of $2.94 billion, a PE ratio of -79.34 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The company has a fifty day moving average of $29.61 and a 200-day moving average of $38.95.

Insider Buying and Selling at Five9

In other Five9 news, CRO Daniel P. Burkland sold 2,605 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the sale, the executive now directly owns 132,554 shares in the company, valued at $4,428,629.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,493 shares of company stock worth $1,097,753. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Five9 in the second quarter valued at approximately $57,000. Quest Partners LLC purchased a new stake in Five9 in the third quarter valued at approximately $95,000. Cetera Advisors LLC purchased a new stake in Five9 in the first quarter valued at approximately $226,000. Finally, ProShare Advisors LLC purchased a new stake in Five9 in the first quarter valued at approximately $247,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Company Profile

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.