Five9 (NASDAQ:FIVN) Receiving Somewhat Positive News Coverage, Study Shows
Media coverage about Five9 (NASDAQ:FIVN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Five9 earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Five9, Inc. (FIVN) Short Interest Up 76.5% in June (americanbankingnews.com)
- Barry Zwarenstein Sells 12,622 Shares of Five9, Inc. (FIVN) Stock (americanbankingnews.com)
- Five9 Inc (FIVN) Seeing Increased Volatility in Session – Sparta Review (spartareview.com)
- ETFs with exposure to Five9, Inc. : July 14, 2017 (finance.yahoo.com)
- Needle Action Activity Spotted in Five9 Inc (FIVN) – Wall Street Review (thewallstreetreview.com)
Shares of Five9 (NASDAQ FIVN) traded down 0.05% during midday trading on Friday, hitting $21.82. 291,136 shares of the company’s stock traded hands. Five9 has a 1-year low of $11.86 and a 1-year high of $24.80. The company has a 50 day moving average price of $22.33 and a 200 day moving average price of $17.98. The firm’s market capitalization is $1.19 billion.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Five9 had a negative net margin of 7.13% and a negative return on equity of 42.68%. The firm had revenue of $47.01 million during the quarter, compared to the consensus estimate of $44.67 million. During the same period last year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. Equities analysts anticipate that Five9 will post ($0.02) earnings per share for the current year.
A number of equities research analysts have recently issued reports on FIVN shares. Pacific Crest restated a “buy” rating and issued a $22.00 target price on shares of Five9 in a research note on Thursday, May 4th. Morgan Stanley initiated coverage on shares of Five9 in a research note on Tuesday, April 11th. They issued an “equal weight” rating and a $18.00 target price on the stock. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, May 8th. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $20.00 price objective on shares of Five9 in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and a consensus target price of $19.00.
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In related news, CEO Michael Burkland sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $16.55, for a total transaction of $397,200.00. Following the completion of the sale, the chief executive officer now directly owns 988,575 shares of the company’s stock, valued at $16,360,916.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $17.44, for a total transaction of $174,400.00. Following the sale, the executive vice president now directly owns 173,498 shares of the company’s stock, valued at $3,025,805.12. The disclosure for this sale can be found here. Insiders have sold a total of 251,107 shares of company stock valued at $5,307,266 over the last three months. 9.10% of the stock is currently owned by insiders.
Five9 Company Profile
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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