Five9 Inc (NASDAQ:FIVN) Director Sells $361,327.50 in Stock
Five9 Inc (NASDAQ:FIVN) Director Kimberly Alexy sold 7,155 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $50.50, for a total value of $361,327.50. Following the completion of the sale, the director now directly owns 3,407 shares in the company, valued at approximately $172,053.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of FIVN opened at $50.40 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 281.78 and a beta of 0.62. Five9 Inc has a fifty-two week low of $31.64 and a fifty-two week high of $57.90.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $74.54 million during the quarter, compared to the consensus estimate of $70.81 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts forecast that Five9 Inc will post -0.03 EPS for the current year.
A number of research firms recently issued reports on FIVN. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, March 19th. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. Needham & Company LLC boosted their price target on Five9 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Craig Hallum cut their price target on Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, February 20th. Finally, Canaccord Genuity boosted their price target on Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Five9 presently has an average rating of “Buy” and a consensus target price of $53.54.
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Five9 Company Profile
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.
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