Brokerages expect that Five9 Inc (NASDAQ:FIVN) will announce $70.68 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Five9’s earnings. The highest sales estimate is $71.00 million and the lowest is $70.06 million. Five9 posted sales of $58.91 million in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is scheduled to report its next earnings report on Tuesday, May 7th.

On average, analysts expect that Five9 will report full-year sales of $300.94 million for the current fiscal year, with estimates ranging from $299.47 million to $302.23 million. For the next fiscal year, analysts anticipate that the business will report sales of $352.74 million, with estimates ranging from $348.53 million to $356.22 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Five9.

Five9 (NASDAQ:FIVN) last posted its earnings results on Tuesday, February 19th. The software maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.10. The company had revenue of $72.34 million during the quarter, compared to analysts’ expectations of $66.53 million. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%.

Several research firms recently weighed in on FIVN. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, March 19th. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. Needham & Company LLC raised their target price on shares of Five9 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Craig Hallum cut their target price on shares of Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, February 20th. Finally, Canaccord Genuity raised their target price on shares of Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and a consensus price target of $52.38.

In other news, CFO Barry Zwarenstein sold 8,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $52.32, for a total value of $444,720.00. Following the completion of the sale, the chief financial officer now owns 125,405 shares in the company, valued at approximately $6,561,189.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $46.51, for a total transaction of $697,650.00. Following the completion of the sale, the president now owns 159,869 shares of the company’s stock, valued at approximately $7,435,507.19. The disclosure for this sale can be found here. Insiders sold a total of 287,989 shares of company stock valued at $15,328,134 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FIVN. Strs Ohio lifted its holdings in Five9 by 112.5% during the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after buying an additional 1,800 shares in the last quarter. Caxton Associates LP bought a new stake in Five9 during the 4th quarter valued at about $206,000. JPMorgan Chase & Co. lifted its holdings in Five9 by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,063 shares of the software maker’s stock valued at $11,275,000 after buying an additional 60,250 shares in the last quarter. Vanguard Group Inc lifted its holdings in Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after buying an additional 1,026,191 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in Five9 during the 4th quarter valued at about $8,804,000.

FIVN traded up $0.48 during trading on Friday, hitting $51.00. 410,800 shares of the company traded hands, compared to its average volume of 870,629. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 340.00 and a beta of 0.62. Five9 has a 1 year low of $26.92 and a 1 year high of $57.90. The company has a debt-to-equity ratio of 1.41, a quick ratio of 6.96 and a current ratio of 6.96.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Recommended Story: Why is the price-sales ratio important?

Get a free copy of the Zacks research report on Five9 (FIVN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.