Five9 (NASDAQ:FIVN) Releases FY 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.360-2.380 for the period, compared to the consensus earnings per share estimate of 2.270. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Five9 also updated its Q4 guidance to $0.69-0.71 EPS.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $4.01 during trading on Friday, reaching $36.82. 6,456,363 shares of the company’s stock traded hands, compared to its average volume of 1,371,791. The stock has a market capitalization of $2.75 billion, a P/E ratio of -73.64 and a beta of 0.85. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a 50 day moving average of $29.46 and a 200-day moving average of $39.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The business had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. On average, equities analysts expect that Five9 will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

FIVN has been the topic of several analyst reports. Barclays decreased their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Morgan Stanley decreased their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. DA Davidson lifted their target price on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Rosenblatt Securities lifted their target price on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.89.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 4,245 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total transaction of $128,453.70. Following the completion of the sale, the chief operating officer now directly owns 119,927 shares in the company, valued at $3,628,991.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Five9 news, CRO Daniel P. Burkland sold 2,605 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $33.41, for a total value of $87,033.05. Following the transaction, the executive now owns 132,554 shares of the company’s stock, valued at approximately $4,428,629.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction 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 in the company, valued at approximately $3,628,991.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock valued at $1,097,753 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.