Five9 (NASDAQ:FIVN – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.150-2.190 for the period, compared to the consensus earnings per share estimate of 2.160. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Five9 also updated its Q2 2024 guidance to 0.420-0.440 EPS.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Piper Sandler increased their price target on shares of Five9 from $84.00 to $86.00 and gave the company an overweight rating in a report on Friday, January 12th. Royal Bank of Canada initiated coverage on shares of Five9 in a research report on Friday, March 15th. They issued an outperform rating and a $80.00 price objective on the stock. Barclays reduced their price objective on shares of Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a research report on Thursday, February 22nd. KeyCorp reduced their price objective on shares of Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a research report on Thursday, February 22nd. Finally, Needham & Company LLC reissued a buy rating and issued a $90.00 price objective on shares of Five9 in a research report on Friday. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Five9 presently has an average rating of Moderate Buy and an average target price of $84.88.
View Our Latest Report on FIVN
Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last posted its earnings results 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. The company had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. Equities analysts expect that Five9 will post -0.42 earnings per share for the current year.
Insider Activity at Five9
In related news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction 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 $7,421,139.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by 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.
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