Analysts Anticipate Five9 Inc. (FIVN) Will Post Quarterly Sales of $55.10 Million

Analysts forecast that Five9 Inc. (NASDAQ:FIVN) will announce $55.10 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Five9’s earnings, with estimates ranging from $54.54 million to $55.48 million. Five9 reported sales of $47.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.2%. The company is expected to announce its next earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Five9 will report full-year sales of $233.04 million for the current fiscal year, with estimates ranging from $232.00 million to $233.89 million. For the next fiscal year, analysts anticipate that the business will report sales of $273.73 million per share, with estimates ranging from $269.00 million to $276.33 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Five9.

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Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The firm had revenue of $55.40 million during the quarter, compared to analysts’ expectations of $52.31 million. The company’s quarterly revenue was up 25.3% compared to the same quarter last year.



Several research analysts have recently weighed in on the company. ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Barclays restated an “equal weight” rating and issued a $28.00 price target (up previously from $27.00) on shares of Five9 in a research note on Thursday, February 22nd. KeyCorp restated an “equal weight” rating on shares of Five9 in a research note on Thursday, March 15th. Roth Capital restated a “buy” rating on shares of Five9 in a research note on Thursday, February 22nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $31.00 price target on shares of Five9 in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.60.

In related news, EVP Gaurav Passi sold 1,347 shares of Five9 stock in a transaction on Friday, March 9th. The stock was sold at an average price of $31.35, for a total value of $42,228.45. Following the completion of the sale, the executive vice president now owns 95,894 shares of the company’s stock, valued at $3,006,276.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barry Zwarenstein sold 5,000 shares of Five9 stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total value of $129,000.00. Following the completion of the sale, the chief executive officer now directly owns 162,760 shares of the company’s stock, valued at approximately $4,199,208. The disclosure for this sale can be found here. Insiders sold 640,951 shares of company stock valued at $18,789,800 in the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new stake in shares of Five9 in the fourth quarter worth $201,000. MetLife Investment Advisors LLC bought a new stake in shares of Five9 in the fourth quarter worth $614,000. Macquarie Group Ltd. grew its holdings in Five9 by 2.3% during the fourth quarter. Macquarie Group Ltd. now owns 116,420 shares of the software maker’s stock valued at $2,897,000 after purchasing an additional 2,650 shares during the period. Harvest Capital Strategies LLC grew its holdings in Five9 by 16.3% during the fourth quarter. Harvest Capital Strategies LLC now owns 250,000 shares of the software maker’s stock valued at $6,220,000 after purchasing an additional 35,000 shares during the period. Finally, Millennium Management LLC grew its holdings in Five9 by 47.4% during the fourth quarter. Millennium Management LLC now owns 645,839 shares of the software maker’s stock valued at $16,068,000 after purchasing an additional 207,556 shares during the period. 91.20% of the stock is owned by institutional investors.

Shares of FIVN stock traded down $0.21 during mid-day trading on Wednesday, hitting $28.20. The company’s stock had a trading volume of 166,204 shares, compared to its average volume of 375,407. Five9 has a 52-week low of $17.75 and a 52-week high of $32.47. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $1,637.94, a P/E ratio of -165.88 and a beta of 0.14.

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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. It 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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