Five9 (NASDAQ:FIVN) Issues Q2 2022 Earnings Guidance

Five9 (NASDAQ:FIVNGet Rating) updated its second quarter 2022 earnings guidance on Monday. The company provided earnings per share guidance of $0.17-$0.19 for the period, compared to the consensus earnings per share estimate of $0.15. The company issued revenue guidance of $179.00 million-$180.00 million, compared to the consensus revenue estimate of $173.97 million.Five9 also updated its FY 2022 guidance to $1.22-$1.24 EPS.

A number of brokerages have recently commented on FIVN. Barclays lowered their price objective on Five9 from $215.00 to $175.00 and set an overweight rating on the stock in a report on Thursday, February 24th. KeyCorp lowered their price objective on Five9 from $208.00 to $155.00 and set an overweight rating on the stock in a report on Thursday, February 24th. Wells Fargo & Company decreased their target price on Five9 from $160.00 to $145.00 and set an overweight rating for the company in a research note on Tuesday, March 15th. Needham & Company LLC decreased their target price on Five9 from $200.00 to $160.00 and set a buy rating for the company in a research note on Thursday, February 24th. Finally, William Blair started coverage on Five9 in a research note on Tuesday, February 1st. They set an outperform rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $165.47.

FIVN stock opened at $93.68 on Tuesday. The business has a fifty day moving average price of $105.62 and a 200 day moving average price of $125.45. Five9 has a fifty-two week low of $80.52 and a fifty-two week high of $211.68. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of -85.94 and a beta of 0.50. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.40 and a quick ratio of 3.40.

Five9 (NASDAQ:FIVNGet Rating) last released its quarterly earnings results on Thursday, April 28th. The software maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.52. Five9 had a negative return on equity of 24.00% and a negative net margin of 11.43%. The firm had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $170.87 million. During the same period last year, the firm posted ($0.08) EPS. The business’s revenue was up 32.6% on a year-over-year basis. On average, equities analysts expect that Five9 will post -0.84 earnings per share for the current fiscal year.

In other Five9 news, CEO Rowan M. Trollope sold 2,000 shares of Five9 stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $108.81, for a total transaction of $217,620.00. Following the transaction, the chief executive officer now directly owns 66,702 shares in the company, valued at $7,257,844.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott Welch sold 4,843 shares of the business’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $98.46, for a total value of $476,841.78. The disclosure for this sale can be found here. Insiders sold a total of 28,404 shares of company stock valued at $2,982,755 over the last three months. Insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of FIVN. LPL Financial LLC increased its position in shares of Five9 by 3.0% in the third quarter. LPL Financial LLC now owns 5,221 shares of the software maker’s stock valued at $834,000 after acquiring an additional 153 shares during the last quarter. Amalgamated Bank increased its position in shares of Five9 by 4.1% in the fourth quarter. Amalgamated Bank now owns 14,231 shares of the software maker’s stock valued at $1,954,000 after acquiring an additional 555 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Five9 by 278.9% in the fourth quarter. Advisors Asset Management Inc. now owns 951 shares of the software maker’s stock valued at $131,000 after acquiring an additional 700 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Five9 in the fourth quarter valued at about $241,000. Finally, Visionary Wealth Advisors acquired a new stake in shares of Five9 in the fourth quarter valued at about $244,000. Institutional investors own 97.89% of the company’s stock.

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.

Featured Stories

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.