Five9, Inc. (NASDAQ:FIVN – Get Free Report) CFO Barry Zwarenstein sold 2,468 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the sale, the chief financial officer now directly owns 92,583 shares of the company’s stock, valued at approximately $3,076,533.09. The trade was a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Five9 Price Performance
Shares of NASDAQ FIVN opened at $32.48 on Friday. The stock has a market capitalization of $2.46 billion, a PE ratio of -162.39, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business has a fifty day moving average price of $39.31 and a two-hundred day moving average price of $35.96. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79.
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, equities analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Five9
Analysts Set New Price Targets
A number of analysts have recently issued reports on FIVN shares. Robert W. Baird raised their price objective on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $57.65.
Check Out Our Latest Research Report on Five9
About Five9
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.
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