Five9 (FIVN) Expected to Announce Earnings on Thursday

Five9 (NASDAQ:FIVN) will likely be releasing its earnings data after the market closes on Thursday, February 20th. Analysts expect Five9 to post earnings of $0.70 per share and revenue of $267.70 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Five9 Trading Down 3.3 %

FIVN opened at $40.12 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $77.21. The firm has a market capitalization of $3.02 billion, a PE ratio of -80.24, a P/E/G ratio of 9.48 and a beta of 0.93. The company’s 50-day moving average is $40.62 and its 200 day moving average is $35.80.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Wells Fargo & Company downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Morgan Stanley raised their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Cantor Fitzgerald initiated coverage on shares of Five9 in a report on Friday, January 17th. They issued an “overweight” rating and a $46.00 price objective for the company. Finally, DA Davidson increased their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.50.

Insiders Place Their Bets

In related news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 3,336 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $139,611.60. Following the completion of the transaction, the chief financial officer now directly owns 98,396 shares of the company’s stock, valued at $4,117,872.60. This trade represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 in the last quarter. 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.