Five9 (NASDAQ:FIVN) Issues Q2 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.42-0.44 for the period, compared to the consensus EPS estimate of $0.44. The company issued revenue guidance of $244-245 million, compared to the consensus revenue estimate of $248.25 million. Five9 also updated its FY24 guidance to $2.15-2.19 EPS.

Analyst Upgrades and Downgrades

FIVN has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Five9 from $90.00 to $85.00 and set an overweight rating for the company in a report on Friday. Royal Bank of Canada initiated coverage on Five9 in a research note on Friday, March 15th. They issued an outperform rating and a $80.00 price target on the stock. UBS Group reduced their target price on Five9 from $90.00 to $81.00 and set a buy rating on the stock in a report on Friday. Barclays reduced their target price on Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Finally, KeyCorp cut their price target on Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $84.88.

Five9 Trading Up 2.0 %

FIVN traded up $1.15 during trading on Friday, hitting $57.88. The company’s stock had a trading volume of 3,913,144 shares, compared to its average volume of 1,140,257. Five9 has a twelve month low of $51.01 and a twelve month high of $92.40. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average price is $59.98 and its 200-day moving average price is $68.53. The firm has a market capitalization of $4.27 billion, a P/E ratio of -68.09 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 9.03% and a negative net margin of 6.56%. The firm had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Analysts anticipate that Five9 will post -0.42 EPS for the current year.

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

About Five9

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.