Five9 (NASDAQ:FIVN) Updates Q2 Earnings Guidance

Five9 (NASDAQ:FIVN) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.42-0.44 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Needham & Company LLC restated a buy rating and issued a $90.00 price target on shares of Five9 in a research report on Friday. Royal Bank of Canada assumed coverage on shares of Five9 in a research note on Friday, March 15th. They set an outperform rating and a $80.00 price objective on the stock. KeyCorp reduced their price objective on shares of Five9 from $93.00 to $86.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Canaccord Genuity Group decreased their price target on shares of Five9 from $90.00 to $75.00 and set a buy rating for the company in a report on Monday, April 22nd. Finally, Barclays decreased their target price on shares of Five9 from $105.00 to $95.00 and set an overweight rating for the company in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Five9 currently has a consensus rating of Moderate Buy and an average target price of $84.88.

Five9 Stock Performance

Shares of Five9 stock traded up $1.15 on Friday, hitting $57.88. The stock had a trading volume of 3,913,144 shares, compared to its average volume of 1,140,257. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -68.09 and a beta of 0.85. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40. The company’s 50 day moving average price is $59.98 and its 200 day moving average price is $68.53. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 9.03% and a negative net margin of 6.56%. The firm had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. On average, research analysts anticipate that Five9 will post -0.42 EPS for the current year.

Insider Transactions at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

About Five9

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.