DA Davidson Weighs in on Five9, Inc.’s Q3 2024 Earnings (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) – Research analysts at DA Davidson issued their Q3 2024 earnings estimates for shares of Five9 in a report released on Monday, August 12th. DA Davidson analyst G. Luria anticipates that the software maker will post earnings of $0.00 per share for the quarter. The consensus estimate for Five9’s current full-year earnings is ($0.30) per share. DA Davidson also issued estimates for Five9’s FY2024 earnings at ($0.08) EPS and FY2025 earnings at ($0.05) EPS.

Several other research firms have also recently weighed in on FIVN. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Five9 in a research report on Thursday, June 6th. Rosenblatt Securities dropped their target price on Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Roth Mkm reduced their target price on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities lowered their target price on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, UBS Group lowered their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $65.82.

Five9 Trading Up 3.8 %

Shares of FIVN opened at $33.45 on Wednesday. Five9 has a 1-year low of $28.75 and a 1-year 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. The firm’s 50-day moving average price is $41.71 and its 200-day moving average price is $54.01. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -39.35 and a beta of 0.82.

Insider Activity

In other news, CEO Michael Burkland sold 12,386 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the sale, the chief executive officer now directly owns 266,083 shares in the company, valued at $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Michael Burkland sold 12,386 shares of Five9 stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares of the company’s stock, valued at $12,319,642.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,542 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 38,267 shares in the company, valued at $1,770,614.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,385 shares of company stock valued at $2,418,755. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five9

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Five9 in the fourth quarter valued at about $79,035,000. Point72 Asset Management L.P. boosted its holdings in shares of Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after buying an additional 584,800 shares in the last quarter. Van Berkom & Associates Inc. grew its position in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Five9 by 123.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock valued at $51,026,000 after acquiring an additional 358,887 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.