In yesterday’s Wall Street session, Five9 Inc (NASDAQ:FIVN) shares traded at $80.01, down -6.39% from the previous session.
23 analysts cover Five9 Inc (NASDAQ:FIVN), according to research data. 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 $90.00. Given the previous closing price of $85.47, this indicates a potential upside of 5.3 percent. FIVN stock price is now 22.48% away from the 50-day moving average and 15.80% away from the 200-day moving average. The market capitalization of the company currently stands at $5.82B.
The stock has received a hold rating from 4 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $86.45 as their price target over the next twelve months.
With the price target enhanced from $75 to $80, Deutsche Bank Upgraded its rating from Hold to Buy for Five9 Inc (NASDAQ: FIVN).
In other news, Burkland Daniel P., Pres. & Chief Revenue Officer sold 16,000 shares of the company’s stock on Nov 20. The stock was sold for $1,200,320 at an average price of $75.02. Upon completion of the transaction, the Pres. & Chief Revenue Officer now directly owns 103,360 shares in the company, valued at $8.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, SVP, Chief Accounting Officer Mansharamani Leena sold 332 shares of the business’s stock. A total of $23,758 was realized by selling the stock at an average price of $71.56. This leaves the insider owning 33,833 shares of the company worth $2.71 million. Insiders disposed of 479,742 shares of company stock worth roughly $38.38 million over the past 1 year. A total of 2.20% of the company’s stock is owned by insiders.
On Tuesday morning Five9 Inc (NASDAQ: FIVN) stock kicked off with the opening price of $85.93. During the past 12 months, Five9 Inc has had a low of $51.01 and a high of $92.40. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 4.84, and a quick ratio of 4.84. The fifty day moving average price for FIVN is $65.33 and a two-hundred day moving average price translates $69.09 for the stock.
The latest earnings results from Five9 Inc (NASDAQ: FIVN) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.43 by 0.09. This compares to -$0.33 EPS in the same period last year. The net profit margin was -9.44% and return on equity was -21.76% for FIVN. The company reported revenue of $230.1 million for the quarter, compared to $198.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.01 percent. For the current quarter, analysts expect FIVN to generate $238M 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.
