DA Davidson Has Positive Outlook of Five9 FY2024 Earnings

Five9, Inc. (NASDAQ:FIVN) – DA Davidson boosted their FY2024 EPS estimates for shares of Five9 in a report issued on Monday, November 11th. DA Davidson analyst G. Luria now anticipates that the software maker will post earnings per share of $0.10 for the year, up from their previous forecast of ($0.03). 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 ($0.09) per share. DA Davidson also issued estimates for Five9’s FY2025 earnings at $0.30 EPS.

Several other research firms have also recently issued reports on FIVN. Northland Securities decreased their price objective on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Piper Sandler lifted their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Barclays dropped their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Five9 in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.22.

Five9 Stock Down 1.0 %

Shares of NASDAQ FIVN opened at $39.27 on Wednesday. The firm’s 50 day moving average price is $29.61 and its 200 day moving average price is $38.95. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market cap of $2.94 billion, a P/E ratio of -79.34 and a beta of 0.85. Five9 has a 1 year low of $26.60 and a 1 year high of $92.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FIVN. Vanguard Group Inc. boosted its stake in Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after acquiring an additional 150,786 shares during the period. Sylebra Capital LLC lifted its holdings in shares of Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after purchasing an additional 666,681 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Five9 by 14.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the period. Van Berkom & Associates Inc. grew its stake 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 buying an additional 446,151 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after buying an additional 98,543 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction that occurred on 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 directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 2,605 shares of the firm’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 in the company, valued at $4,428,629.14. This trade 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 over the last ninety days. Corporate 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.