Five9, Inc. (FIVN) Scheduled to Post Earnings on Wednesday
Five9, Inc. (NASDAQ:FIVN) is set to post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Five9 to post earnings of ($0.01) per share for the quarter.
Shares of Five9, Inc. (NASDAQ FIVN) opened at $25.22 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.12 and a quick ratio of 2.12.
In related news, EVP Daniel P. Burkland sold 10,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $24.88, for a total value of $248,800.00. Following the completion of the transaction, the executive vice president now owns 146,436 shares in the company, valued at approximately $3,643,327.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Burkland sold 12,484 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $21.00, for a total transaction of $262,164.00. Following the completion of the transaction, the chief executive officer now owns 976,091 shares of the company’s stock, valued at approximately $20,497,911. The disclosure for this sale can be found here. Insiders have sold 91,007 shares of company stock valued at $2,000,973 in the last 90 days. Insiders own 9.10% of the company’s stock.
Several analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $26.00 target price (up previously from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Five9 in a research note on Friday, October 27th. Northland Securities restated a “buy” rating and set a $25.00 price target on shares of Five9 in a research report on Wednesday, October 4th. Canaccord Genuity upped their price target on shares of Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Five9 currently has an average rating of “Buy” and a consensus target price of $23.00.
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).
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