Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 13,934 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $54.29, for a total value of $756,476.86. Following the sale, the president now owns 172,394 shares of the company’s stock, valued at $9,359,270.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ FIVN traded up $0.85 during trading on Friday, reaching $55.58. The stock had a trading volume of 255,286 shares, compared to its average volume of 748,545. The company has a market cap of $3.37 billion, a P/E ratio of 370.53, a PEG ratio of 137.93 and a beta of 0.58. The business’s 50-day moving average price is $58.04 and its 200-day moving average price is $53.65. Five9 Inc has a fifty-two week low of $34.66 and a fifty-two week high of $65.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million during the quarter, compared to analyst estimates of $72.42 million. Five9 had a positive return on equity of 8.90% and a negative net margin of 0.47%. Five9’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. Analysts forecast that Five9 Inc will post 0.04 EPS for the current fiscal year.
A number of brokerages have recently weighed in on FIVN. JPMorgan Chase & Co. raised Five9 from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $59.00 to $70.00 in a report on Thursday, August 1st. SunTrust Banks increased their price target on Five9 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Rosenblatt Securities initiated coverage on Five9 in a research report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 price target on the stock. Guggenheim initiated coverage on Five9 in a research report on Thursday, September 26th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Canaccord Genuity raised their target price on Five9 from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.92.
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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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