Five9 (NASDAQ:FIVN) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Five9 (NASDAQ:FIVN) released its quarterly earnings results on Wednesday. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07, Morningstar.com reports. The firm had revenue of $77.44 million for the quarter, compared to the consensus estimate of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 9.32%. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS.

Shares of NASDAQ:FIVN traded up $0.45 during trading on Friday, reaching $58.03. 1,202,655 shares of the company’s stock traded hands, compared to its average volume of 846,516. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. Five9 has a 12 month low of $33.02 and a 12 month high of $61.42. The company’s 50 day moving average is $51.16. The stock has a market cap of $2.95 billion, a PE ratio of 386.87 and a beta of 0.56.

In related news, EVP Scott Welch sold 1,411 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $49.42, for a total transaction of $69,731.62. Following the completion of the sale, the executive vice president now owns 76,328 shares of the company’s stock, valued at approximately $3,772,129.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Burkland sold 300,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $49.98, for a total transaction of $14,994,000.00. Following the sale, the director now directly owns 101,821 shares of the company’s stock, valued at approximately $5,089,013.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 662,149 shares of company stock valued at $33,659,357. Insiders own 4.90% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its holdings in shares of Five9 by 33.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 7,210 shares of the software maker’s stock worth $304,000 after buying an additional 1,803 shares during the period. United Services Automobile Association raised its holdings in shares of Five9 by 20.5% in the fourth quarter. United Services Automobile Association now owns 9,681 shares of the software maker’s stock worth $423,000 after buying an additional 1,647 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Five9 by 5.3% in the fourth quarter. Squarepoint Ops LLC now owns 14,221 shares of the software maker’s stock worth $622,000 after buying an additional 721 shares during the period. Legal & General Group Plc raised its holdings in shares of Five9 by 5.4% in the fourth quarter. Legal & General Group Plc now owns 22,688 shares of the software maker’s stock worth $992,000 after buying an additional 1,156 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Five9 by 33.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 90,982 shares of the software maker’s stock worth $3,978,000 after buying an additional 22,715 shares during the period.

Several equities research analysts have recently weighed in on the stock. SunTrust Banks boosted their target price on shares of Five9 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Summit Insights raised shares of Five9 from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Bank of America reissued an “underperform” rating and issued a $39.00 target price (up previously from $33.00) on shares of Five9 in a research report on Thursday, May 2nd. KeyCorp reissued a “hold” rating on shares of Five9 in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.31.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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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Earnings History for Five9 (NASDAQ:FIVN)

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