Five9 (NASDAQ:FIVN) Issues Q2 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.42-0.44 for the period, compared to the consensus EPS estimate of $0.44. The company issued revenue guidance of $244-245 million, compared to the consensus revenue estimate of $248.25 million. Five9 also updated its FY24 guidance to $2.15-2.19 EPS.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Rosenblatt Securities decreased their price target on shares of Five9 from $90.00 to $80.00 and set a buy rating on the stock in a research note on Friday, April 26th. Piper Sandler raised their target price on shares of Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a research report on Friday, January 12th. Needham & Company LLC reissued a buy rating and set a $90.00 price objective on shares of Five9 in a report on Thursday, February 22nd. KeyCorp cut their price objective on shares of Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Finally, Barclays lowered their target price on shares of Five9 from $105.00 to $95.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $85.47.

Five9 Price Performance

NASDAQ:FIVN traded down $1.51 on Thursday, hitting $56.73. The stock had a trading volume of 2,032,612 shares, compared to its average volume of 1,284,477. The company has a fifty day moving average price of $60.20 and a two-hundred day moving average price of $68.58. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.14. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. The firm had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. As a group, equities research analysts predict that Five9 will post -0.42 earnings per share for the current year.

Insider Activity at Five9

In related news, COO Andy Dignan sold 7,340 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.