DA Davidson Predicts Five9’s FY2024 Earnings (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) – Stock analysts at DA Davidson lifted their FY2024 earnings estimates for Five9 in a note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $0.10 per share for the year, up from their prior forecast 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 $0.10 per share. DA Davidson also issued estimates for Five9’s FY2025 earnings at $0.30 EPS.

Several other brokerages have also issued reports on FIVN. Morgan Stanley lowered their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $55.00 to $40.00 in a report on Tuesday. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler boosted their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Trading Up 2.8 %

NASDAQ:FIVN opened at $40.35 on Wednesday. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm’s 50 day moving average is $29.78 and its 200 day moving average is $38.81. The stock has a market capitalization of $3.03 billion, a PE ratio of -80.70, a price-to-earnings-growth ratio of 26.52 and a beta of 0.85.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Signaturefd LLC raised its position in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Five9 in the second quarter worth about $57,000. Quest Partners LLC bought a new stake in shares of Five9 in the 3rd quarter valued at about $95,000. nVerses Capital LLC purchased a new stake in Five9 during the 3rd quarter valued at about $141,000. Finally, Quent Capital LLC grew its position in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares in the company, valued at $2,300,372.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,493 shares of company stock worth $1,097,753. Insiders own 1.80% of the company’s stock.

Five9 Company Profile

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.