DA Davidson Estimates Five9’s Q4 Earnings (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Five9 in a research report issued on Monday, November 11th. DA Davidson analyst G. Luria anticipates that the software maker will post earnings per share of $0.13 for the quarter. DA Davidson currently has a “Neutral” rating and a $45.00 price objective on the stock. The consensus estimate for Five9’s current full-year earnings is $0.10 per share.

Other analysts have also recently issued reports about the company. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $55.00 to $40.00 in a research report on Tuesday. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, August 5th. Rosenblatt Securities increased their price objective on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities reduced their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Roth Mkm lowered their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $59.22.

Five9 Price Performance

NASDAQ:FIVN opened at $40.35 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50-day moving average of $29.78 and a 200-day moving average of $38.81. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of -80.70, a PEG ratio of 26.52 and a beta of 0.85. Five9 has a 52 week low of $26.60 and a 52 week high of $92.40.

Institutional Trading of Five9

Large investors have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in shares of Five9 in the 2nd quarter valued at about $2,177,000. Scalar Gauge Management LLC acquired a new stake in Five9 in the 2nd quarter valued at approximately $6,990,000. King Luther Capital Management Corp bought a new stake in Five9 in the 2nd quarter valued at approximately $2,062,000. Van Berkom & Associates Inc. boosted its position in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in Five9 during the 3rd quarter worth approximately $1,714,000. 96.64% of the stock is owned by institutional investors.

Insider Activity at Five9

In related news, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total transaction of $128,453.70. Following the transaction, the chief operating officer now owns 119,927 shares of the company’s stock, valued at $3,628,991.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Five9 news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the sale, the chief executive officer now directly owns 253,488 shares in the company, valued at $7,673,081.76. This 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 available through the SEC website. Also, COO Andy Dignan sold 4,245 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total value of $128,453.70. Following the sale, the chief operating officer now directly owns 119,927 shares in the company, valued at approximately $3,628,991.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock worth $1,097,753 in the last ninety days. 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.