DA Davidson Has Positive Estimate for Five9 FY2024 Earnings

Five9, Inc. (NASDAQ:FIVN) – DA Davidson boosted their FY2024 earnings estimates for shares of Five9 in a report issued on Monday, November 11th. DA Davidson analyst G. Luria now expects that the software maker will post earnings per share of $0.10 for the year, up from their previous estimate of ($0.03). DA Davidson has a “Neutral” rating and a $45.00 price objective on the stock. The consensus estimate for Five9’s current full-year earnings is ($0.09) per share. DA Davidson also issued estimates for Five9’s FY2025 earnings at $0.30 EPS.

FIVN has been the subject of a number of other reports. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $55.00 to $40.00 in a report on Tuesday. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, August 27th. Needham & Company LLC restated a “buy” rating and set a $48.00 price objective on shares of Five9 in a research report on Friday, November 8th. Finally, Northland Securities dropped their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Trading Down 1.0 %

Five9 stock opened at $39.27 on Wednesday. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The stock has a market capitalization of $2.94 billion, a PE ratio of -79.34 and a beta of 0.85. The firm has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $38.95. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quent Capital LLC increased its holdings in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the last quarter. BOKF NA raised its holdings in shares of Five9 by 1.7% during the 1st quarter. BOKF NA now owns 39,846 shares of the software maker’s stock valued at $2,445,000 after purchasing an additional 657 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Five9 by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after purchasing an additional 673 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Five9 by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker’s stock valued at $4,751,000 after purchasing an additional 745 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of Five9 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 transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares in the company, valued at approximately $1,124,964.72. 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, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,493 shares of company stock valued at $1,097,753. Company insiders own 1.80% of the company’s stock.

About Five9

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.