Q4 Earnings Forecast for Five9 Issued By DA Davidson

Five9, Inc. (NASDAQ:FIVN) – DA Davidson issued their Q4 2024 EPS estimates for shares of Five9 in a research note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria forecasts that the software maker will earn $0.13 per share for the quarter. DA Davidson has a “Neutral” rating and a $45.00 price objective on the stock. The consensus estimate for Five9’s current full-year earnings is ($0.09) per share.

Several other analysts also recently weighed in on the company. Morgan Stanley decreased their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, August 5th. Rosenblatt Securities boosted their price objective on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird upped their price objective on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Roth Mkm cut their price objective on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Stock Performance

Shares of FIVN opened at $39.67 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -79.34 and a beta of 0.85. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The company’s fifty day moving average is $29.46 and its 200-day moving average is $39.09.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Five9 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after purchasing an additional 150,786 shares in the last quarter. Sylebra Capital LLC grew its position in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after acquiring an additional 666,681 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Van Berkom & Associates Inc. grew its position in shares of Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Five9 by 347.4% during the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after purchasing an additional 584,800 shares in the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Five9

In related news, CRO Daniel P. Burkland sold 2,605 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the completion of the transaction, the executive now directly owns 132,554 shares of the company’s stock, valued at $4,428,629.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Daniel P. Burkland sold 2,605 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now owns 132,554 shares in the company, valued at $4,428,629.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock worth $1,097,753 in the last 90 days. Company 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, India, 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.