Five9 (NASDAQ:FIVN) Issues Q4 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.690-0.710 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of $267.0 million-$268.0 million, compared to the consensus revenue estimate of $261.2 million. Five9 also updated its FY 2024 guidance to 2.360-2.380 EPS.

Wall Street Analyst Weigh In

A number of analysts have commented on FIVN shares. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Five9 in a research report on Wednesday, August 21st. Northland Securities decreased their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, August 5th. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.00.

Five9 Trading Up 4.2 %

FIVN stock traded up $1.33 during midday trading on Thursday, reaching $32.81. 3,699,415 shares of the company traded hands, compared to its average volume of 1,460,203. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -45.57 and a beta of 0.85. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The business has a 50 day moving average of $29.37 and a 200-day moving average of $39.54. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. As a group, sell-side analysts expect that Five9 will post -0.09 earnings per share for the current fiscal year.

Insider Activity

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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Daniel P. Burkland sold 2,605 shares of the firm’s stock in a transaction dated 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 directly owns 132,554 shares in the company, valued at $4,428,629.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,493 shares of company stock valued at $1,097,753. 1.80% of the stock is currently owned by company insiders.

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.