Five9 (FIVN) Scheduled to Post Earnings on Thursday

Five9 (NASDAQ:FIVN) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Five9 Stock Performance

Shares of Five9 stock opened at $40.17 on Wednesday. The firm’s 50 day simple moving average is $43.36 and its two-hundred day simple moving average is $56.07. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -47.26 and a beta of 0.82. Five9 has a 12-month low of $39.07 and a 12-month high of $92.40. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41.

Analysts Set New Price Targets

FIVN has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Piper Sandler reduced their price objective on Five9 from $86.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. UBS Group reduced their price target on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Monday. Finally, Barclays cut their target price on shares of Five9 from $95.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $78.20.

Insider Transactions at Five9

In other Five9 news, CRO Daniel P. Burkland sold 2,637 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $43.55, for a total value of $114,841.35. Following the completion of the sale, the executive now owns 130,079 shares in the company, valued at approximately $5,664,940.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Leena Mansharamani sold 1,542 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total value of $71,348.34. Following the completion of the transaction, the chief accounting officer now directly owns 38,267 shares in the company, valued at $1,770,614.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Daniel P. Burkland sold 2,637 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total transaction of $114,841.35. Following the completion of the transaction, the executive now owns 130,079 shares in the company, valued at $5,664,940.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,385 shares of company stock valued at $2,418,755. Corporate insiders own 1.80% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.