Five9 Inc (NASDAQ: FIVN): Analyst View Points To Future Growth

Five9 Inc (FIVN) concluded trading on Thursady at a closing price of $61.52, with 6.61 million shares of worth about $406.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.36% during that period and on Thursady the price saw a loss of about -13.41%. Currently the company’s common shares owned by public are about 72.70M shares, out of which, 71.24M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 87 times over the past 12 months. They bought 382,819 shares in 23 of the transactions. In 64 selling transactions, insiders dumped 363,393 shares.

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However, the stock later moved at a day high price of 65.71, or with a loss of -13.41%. Stock saw a price change of -19.35% in past 5 days and over the past one month there was a price change of -22.46%. Year-to-date (YTD), FIVN shares are showing a performance of -21.82% which decreased to -21.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.01 but also hit the highest price of $92.40 during that period. The average intraday trading volume for Five9 Inc shares is 1.11 million. The stock is currently trading -18.57% below its 20-day simple moving average (SMA20), while that difference is down -20.20% for SMA50 and it goes to -14.40% lower than SMA200.

Five9 Inc (NASDAQ: FIVN) currently have 72.70M outstanding shares and institutions hold larger chunk of about 99.97% of that.

The stock has a current market capitalization of $4.47B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$1.14 in the same period. It has Quick Ratio of 4.84 while making debt-to-equity ratio of 1.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FIVN, volatility over the week remained 4.37% while standing at 3.32% over the month.

Analysts are in expectations that Five9 Inc (FIVN) stock would likely to be making an EPS of $0.33 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $2.71 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.26 which is $0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.79% while it is estimated to increase by 23.23% in next year. EPS is likely to grow at an annualized rate of 20.36% for next 5-years, compared to annual growth of -212.63% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on September 21, 2023 offering a Buy rating for the stock and assigned a target price range of between $75 and $80 to it. Coverage by DA Davidson stated Five9 Inc (FIVN) stock as a Neutral in their note to investors on June 08, 2023, suggesting a price target of $75 for the stock. On May 31, 2023, Mizuho Initiated their recommendations, while on May 23, 2023, ROTH MKM Resumed their ratings for the stock with a price target of $80. Stock get a Buy rating from Rosenblatt on March 24, 2023.

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