Wall Street brokerages expect Five9 Inc (NASDAQ:FIVN) to announce $70.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Five9’s earnings. The highest sales estimate is $71.00 million and the lowest is $70.06 million. Five9 reported sales of $58.91 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The company is expected to issue its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, 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 expect that the business will post sales of $352.74 million, with estimates ranging from $348.53 million to $356.22 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Five9.

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

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity raised their price target on Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday. SunTrust Banks lifted their price target on shares of Five9 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. KeyCorp reissued a “hold” rating on shares of Five9 in a research report on Tuesday, February 19th. Finally, BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Five9 currently has an average rating of “Buy” and an average target price of $52.92.

In other Five9 news, EVP Scott Welch sold 1,411 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $55.09, for a total value of $77,731.99. Following the transaction, the executive vice president now directly owns 76,328 shares of the company’s stock, valued at approximately $4,204,909.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $40.66, for a total transaction of $609,900.00. Following the completion of the transaction, the president now directly owns 159,869 shares in the company, valued at $6,500,273.54. The disclosure for this sale can be found here. Insiders sold 286,289 shares of company stock valued at $14,918,543 in the last quarter. 5.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Flinton Capital Management LLC purchased a new stake in Five9 during the fourth quarter worth $30,000. Mckinley Capital Management LLC Delaware purchased a new position in Five9 in the fourth quarter worth approximately $34,000. Private Capital Group LLC lifted its stake in Five9 by 263.4% in the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock worth $46,000 after acquiring an additional 769 shares during the last quarter. Bank of Montreal Can lifted its stake in Five9 by 58.3% in the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock worth $49,000 after acquiring an additional 418 shares during the last quarter. Finally, Strs Ohio lifted its stake in Five9 by 112.5% in the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock worth $148,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 99.94% of the company’s stock.

Shares of FIVN traded up $0.21 during midday trading on Wednesday, reaching $55.29. 439,143 shares of the stock were exchanged, compared to its average volume of 1,200,117. Five9 has a 12-month low of $26.92 and a 12-month high of $57.90. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96. The company has a market capitalization of $3.27 billion, a PE ratio of 368.60 and a beta of 0.63.

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.

Read More: NASDAQ Stock Market Explained

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.