Five9 (NASDAQ:FIVN) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Five9 (NASDAQ:FIVN) announced its quarterly earnings results on Sunday. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11, MarketWatch Earnings reports. The company had revenue of $127.89 million during the quarter, compared to the consensus estimate of $115.27 million. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. Five9’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.

NASDAQ FIVN traded up $12.36 during trading hours on Tuesday, hitting $179.14. 59,861 shares of the company’s stock traded hands, compared to its average volume of 688,478. The company has a market capitalization of $11.82 billion, a PE ratio of -346.79 and a beta of 0.53. The company has a debt-to-equity ratio of 2.46, a current ratio of 9.32 and a quick ratio of 9.32. Five9 has a 52-week low of $52.51 and a 52-week high of $194.04. The firm’s 50-day moving average is $174.48 and its 200-day moving average is $149.94.

FIVN has been the subject of several analyst reports. Craig Hallum increased their price target on shares of Five9 from $163.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays increased their target price on shares of Five9 from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Stephens upgraded Five9 from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $140.00 to $175.00 in a research report on Friday, October 30th. Roth Capital upped their target price on Five9 from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday. They noted that the move was a valuation call. Finally, Rosenblatt Securities lifted their price target on shares of Five9 from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $186.63.

In related news, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $181.91, for a total value of $2,273,875.00. Following the completion of the sale, the chief financial officer now owns 89,298 shares of the company’s stock, valued at $16,244,199.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rowan M. Trollope sold 23,221 shares of the firm’s stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $151.58, for a total transaction of $3,519,839.18. Following the sale, the chief executive officer now owns 252,017 shares of the company’s stock, valued at $38,200,736.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,208 shares of company stock valued at $13,999,208. 3.00% of the stock is owned by insiders.

About Five9

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 digital engagement channels 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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