Wall Street analysts expect Five9 Inc (NASDAQ:FIVN) to post $52.22 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Five9’s earnings, with the highest sales estimate coming in at $52.61 million and the lowest estimate coming in at $51.75 million. Five9 reported sales of $44.21 million in the same quarter last year, which indicates a positive year over year growth rate of 18.1%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Five9 will report full year sales of $52.22 million for the current year, with estimates ranging from $196.80 million to $197.43 million. For the next year, analysts expect that the business will report sales of $231.95 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Five9.

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

Several equities research analysts have recently weighed in on the company. TheStreet upgraded Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Five9 in a research note on Friday, November 10th. KeyCorp reiterated an “overweight” rating and issued a $29.00 price objective (up from $27.00) on shares of Five9 in a research note on Wednesday, November 8th. BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Finally, Barclays lowered Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock. in a research note on Monday, January 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.89.

In related news, CEO Barry Zwarenstein sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total transaction of $129,000.00. Following the sale, the chief executive officer now directly owns 162,760 shares in the company, valued at approximately $4,199,208. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Welch sold 3,902 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $25.30, for a total value of $98,720.60. Following the sale, the executive vice president now owns 105,003 shares in the company, valued at $2,656,575.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 875,877 shares of company stock worth $21,186,320. 9.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after acquiring an additional 670,939 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after buying an additional 366,166 shares in the last quarter. FMR LLC lifted its holdings in Five9 by 19.6% during the 2nd quarter. FMR LLC now owns 956,737 shares of the software maker’s stock worth $20,589,000 after buying an additional 156,737 shares in the last quarter. State Street Corp lifted its holdings in Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after buying an additional 293,067 shares in the last quarter. Finally, Tremblant Capital Group acquired a new position in Five9 during the 3rd quarter worth $19,544,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Shares of Five9 (FIVN) opened at $24.42 on Friday. Five9 has a 12 month low of $15.69 and a 12 month high of $27.81. The firm has a market capitalization of $1,368.46, a P/E ratio of -174.42 and a beta of 0.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.

COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate Five9 Inc (FIVN) Will Post Quarterly Sales of $52.22 Million” was posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/brokerages-anticipate-five9-inc-fivn-will-post-quarterly-sales-of-52-22-million/1854009.html.

Five9 Company Profile

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).

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.