Analysts Expect Five9, Inc. (NASDAQ:FIVN) Will Post Earnings of $0.18 Per Share

Equities research analysts expect Five9, Inc. (NASDAQ:FIVNGet Rating) to announce earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Five9’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.13. Five9 posted earnings per share of $0.23 during the same quarter last year, which indicates a negative year over year growth rate of 21.7%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Five9 will report full-year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.23. For the next fiscal year, analysts expect that the firm will report earnings of $1.76 per share, with EPS estimates ranging from $1.57 to $1.98. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Five9.

Five9 (NASDAQ:FIVNGet Rating) last announced its earnings results on Thursday, April 28th. The software maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.52. Five9 had a negative net margin of 11.43% and a negative return on equity of 24.00%. The company had revenue of $182.80 million for the quarter, compared to analyst estimates of $170.87 million. During the same period in the prior year, the business earned ($0.08) earnings per share. Five9’s quarterly revenue was up 32.6% on a year-over-year basis.

A number of analysts have commented on the stock. Truist Financial lowered their target price on shares of Five9 from $210.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Needham & Company LLC dropped their price objective on Five9 from $200.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Canaccord Genuity Group reduced their target price on Five9 from $200.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. William Blair assumed coverage on Five9 in a research note on Tuesday, February 1st. They issued an “outperform” rating for the company. Finally, StockNews.com initiated coverage on shares of Five9 in a report on Thursday, March 31st. They set a “sell” rating for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $165.47.

In other news, CAO Leena Mansharamani sold 1,266 shares of the stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $98.58, for a total value of $124,802.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Daniel P. Burkland sold 1,685 shares of Five9 stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $98.63, for a total transaction of $166,191.55. The disclosure for this sale can be found here. Insiders have sold a total of 26,404 shares of company stock worth $2,765,135 over the last 90 days. 2.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of FIVN. Wasatch Advisors Inc. increased its holdings in shares of Five9 by 388.0% during the fourth quarter. Wasatch Advisors Inc. now owns 1,968,379 shares of the software maker’s stock worth $270,298,000 after purchasing an additional 1,564,988 shares during the period. Pictet Asset Management SA increased its stake in Five9 by 41,717.0% during the 4th quarter. Pictet Asset Management SA now owns 1,826,985 shares of the software maker’s stock worth $250,882,000 after acquiring an additional 1,822,616 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Five9 in the 4th quarter valued at $191,622,000. Sylebra Capital Ltd acquired a new position in Five9 in the 4th quarter valued at $177,296,000. Finally, Geode Capital Management LLC lifted its position in shares of Five9 by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 872,888 shares of the software maker’s stock valued at $119,864,000 after acquiring an additional 28,595 shares during the period. Hedge funds and other institutional investors own 97.89% of the company’s stock.

Shares of FIVN stock opened at $106.23 on Monday. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of -97.46 and a beta of 0.50. Five9 has a 12 month low of $80.52 and a 12 month high of $211.68. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.44. The stock has a 50-day moving average price of $105.90 and a 200 day moving average price of $125.93.

Five9 Company Profile (Get Rating)

Five9, Inc, together with its subsidiaries, provides 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.

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