The stock of Five9 Inc. (NASDAQ:FIVN) last traded at $63.91, up 3.87% from the previous session.
Data from the available sources indicates that Five9 Inc. (NASDAQ:FIVN) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $61.00, we find $85.00. Given the previous closing price of $61.53, this indicates a potential upside of 38.14 percent. FIVN stock price is now 0.71% away from the 50-day moving average and -11.81% away from the 200-day moving average. The market capitalization of the company currently stands at $4.49B.
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In total, 6 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $83.74 as their price target over the next twelve months.
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In other news, ZWARENSTEIN BARRY, Chief Financial Officer sold 2,500 shares of the company’s stock on May 22. The stock was sold for $162,725 at an average price of $65.09. Upon completion of the transaction, the Chief Financial Officer now directly owns 89,803 shares in the company, valued at $5.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Chief Financial Officer ZWARENSTEIN BARRY sold 2,500 shares of the business’s stock. A total of $150,050 was realized by selling the stock at an average price of $60.02. This leaves the insider owning 92,303 shares of the company worth $5.9 million. Insiders disposed of 260,742 shares of company stock worth roughly $16.66 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FIVN stock. A new stake in Five9 Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $14,322,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $12,658,000 in shares of FIVN during the first quarter. In the first quarter, JUNTO CAPITAL MANAGEMENT LP acquired a new stake in Five9 Inc. valued at approximately $10,730,000. ARMISTICE CAPITAL, LLC acquired a new stake in FIVN for approximately $9,459,000. STYRAX CAPITAL, LP purchased a new stake in FIVN valued at around $7,689,000 in the second quarter. In total, there are 422 active investors with 107.35% ownership of the company’s stock.
With an opening price of $61.41 on Monday morning, Five9 Inc. (NASDAQ: FIVN) set off the trading day. During the past 12 months, Five9 Inc. has had a low of $46.61 and a high of $120.39. As of last week, the company has a debt-to-equity ratio of 2.18, a current ratio of 5.00, and a quick ratio of 5.00. The fifty day moving average price for FIVN is $63.50 and a two-hundred day moving average price translates $72.21 for the stock.
The latest earnings results from Five9 Inc. (NASDAQ: FIVN) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.24 by 0.17. This compares to -$0.49 EPS in the same period last year. The net profit margin was -10.80% and return on equity was -30.20% for FIVN. The company reported revenue of $218.44 million for the quarter, compared to $182.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.51 percent. For the current quarter, analysts expect FIVN to generate $214.16M in revenue.
Five9 Inc.(FIVN) Company Profile
Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. The company 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. Its platform allows to manage and optimize customer interactions across voice, chat, email, web, social media, and mobile channels directly or through its application programming interfaces. The company serves customers in various industries, such as banking and financial services, business process outsourcers, retail, healthcare, technology, and education. Five9, Inc. was incorporated in 2001 and is headquartered in San Ramon, California.
