Five9 (NASDAQ:FIVN – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.420-0.440 for the period, compared to the consensus earnings per share estimate of 0.440. The company issued revenue guidance of $244.0 million-$245.0 million, compared to the consensus revenue estimate of $248.0 million. Five9 also updated its FY 2024 guidance to 2.150-2.190 EPS.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on FIVN shares. Piper Sandler upped their price objective on Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a report on Friday, January 12th. Royal Bank of Canada started coverage on Five9 in a report on Friday, March 15th. They issued an outperform rating and a $80.00 price objective for the company. UBS Group decreased their price objective on shares of Five9 from $90.00 to $81.00 and set a buy rating for the company in a report on Friday. KeyCorp lowered their target price on Five9 from $93.00 to $86.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Finally, Canaccord Genuity Group dropped their price target on Five9 from $90.00 to $75.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $84.88.
View Our Latest Analysis on Five9
Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. On average, analysts forecast that Five9 will post -0.42 EPS for the current year.
Insider Buying and Selling at Five9
In other 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 completion of the sale, the chief operating officer now directly owns 129,559 shares in the company, valued at approximately $7,421,139.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.
Five9 Company Profile
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.
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