Five9 (NASDAQ:FIVN) Releases Q4 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.690-0.710 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of $267.0 million-$268.0 million, compared to the consensus revenue estimate of $261.2 million. Five9 also updated its FY 2024 guidance to 2.360-2.380 EPS.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on Five9 from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research decreased their price target on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, August 5th. Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Five9 in a report on Friday. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.89.

Five9 Stock Up 12.2 %

FIVN stock traded up $4.01 during midday trading on Friday, hitting $36.82. 6,456,363 shares of the company’s stock were exchanged, compared to its average volume of 1,371,791. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -73.64 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average price of $29.46 and a 200-day moving average price of $39.24. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. On average, analysts anticipate that Five9 will post -0.09 EPS for the current year.

Insider Transactions at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares in the company, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares in the company, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at approximately $3,628,991.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,493 shares of company stock valued at $1,097,753. 1.80% of the stock is currently owned by corporate insiders.

Five9 Company Profile

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