Five9, Inc. (FIVN) Expected to Earn Q1 2018 Earnings of ($0.07) Per Share

Five9, Inc. (NASDAQ:FIVN) – Research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Five9 in a report released on Wednesday. KeyCorp analyst B. Bracelin forecasts that the software maker will post earnings per share of ($0.07) for the quarter. KeyCorp currently has a “Overweight” rating and a $29.00 price target on the stock.

FIVN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday. Canaccord Genuity lifted their target price on shares of Five9 from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Northland Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Five9 in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Five9 presently has a consensus rating of “Buy” and a consensus price target of $24.75.

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Shares of Five9 (FIVN) opened at $25.37 on Monday. Five9 has a 52-week low of $12.58 and a 52-week high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The business had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. The business’s revenue for the quarter was up 22.2% on a year-over-year basis.

In other news, EVP Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $24.88, for a total value of $248,800.00. Following the transaction, the executive vice president now directly owns 146,436 shares of the company’s stock, valued at $3,643,327.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott Welch sold 3,903 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total transaction of $81,494.64. Following the completion of the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,856,363.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,719 shares of company stock worth $1,658,903. Insiders own 9.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its stake in Five9 by 4,389.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after purchasing an additional 5,443 shares during the period. Envestnet Asset Management Inc. purchased a new position in Five9 during the third quarter worth about $195,000. Tudor Investment Corp ET AL purchased a new position in Five9 during the second quarter worth about $202,000. Principal Financial Group Inc. purchased a new position in Five9 during the second quarter worth about $219,000. Finally, KCG Holdings Inc. purchased a new position in Five9 during the first quarter worth about $236,000. 91.67% of the stock is currently owned by institutional investors.

About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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