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

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

FIVN has been the subject of several other research reports. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, August 5th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $55.00 to $40.00 in a research note on Tuesday. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Roth Mkm decreased their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Stock Down 3.4 %

Shares of NASDAQ:FIVN opened at $38.96 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average is $29.99 and its 200 day moving average is $38.82. The stock has a market cap of $2.93 billion, a P/E ratio of -77.76, a price-to-earnings-growth ratio of 26.52 and a beta of 0.85. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new stake in shares of Five9 in the 2nd quarter valued at $2,177,000. Scalar Gauge Management LLC purchased a new stake in Five9 during the 2nd quarter worth about $6,990,000. King Luther Capital Management Corp acquired a new position in shares of Five9 during the 2nd quarter worth about $2,062,000. Van Berkom & Associates Inc. increased its holdings in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after acquiring an additional 446,151 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Five9 during the 3rd quarter worth about $1,714,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. This trade represents a 4.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Andy Dignan sold 4,245 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total transaction of $128,453.70. Following the sale, the chief operating officer now owns 119,927 shares in the company, valued at $3,628,991.02. The trade was a 3.42 % 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 worth $1,097,753 over the last three months. Company 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.