In the last trading session, 3.37 million shares of the Five9 Inc. (NASDAQ:FIVN) were traded, and its beta was 0.43. Most recently the company’s share price was $142.88, and it changed around -$5.65 or -3.80% from the last close, which brings the market valuation of the company to $10.06B. FIVN currently trades at a discount to its 52-week high of $211.68, offering almost -48.15% off that amount. The share price’s 52-week low was $130.32, which indicates that the current value has risen by an impressive 8.79% since then. We note from Five9 Inc.’s average daily trading volume that its 10-day average is 4.71 million shares, with the 3-month average coming to 2.25 million.
Five9 Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended FIVN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Five9 Inc. is expected to report earnings per share of $0.25 for the current quarter.
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Instantly FIVN has showed a red trend with a performance of -3.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 167.35 on Friday, 10/08/21 increased the stock’s daily price by 14.62%. The company’s shares are currently down -18.07% year-to-date, but still down -14.58% over the last five days. On the other hand, Five9 Inc. (NASDAQ:FIVN) is -17.37% down in the 30-day period. We can see from the shorts that 2.72 million shares have been sold at a short interest cover period of 4.55 day(s).
The consensus price target as assigned by Wall Street analysts is $198.93, which translates to bulls needing to increase their stock price by 28.18% from its current value. Analyst projections state that FIVN is forecast to be at a low of $165.00 and a high of $213.00. In order for the stock price to hit the forecast high, the stock would need to plunge -49.08% from its current level, while the stock would need to crash -15.48% from its current level to reach the projected low.
Five9 Inc. (FIVN) estimates and forecasts
Five9 Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.95 percent over the past six months and at a 3.03% annual growth rate that is well above the industry average of -1.20%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -7.40% in revenue this quarter, and will report an increase of 5.90% in the next quarter. The year-over-year growth rate is expected to be 35.60%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $147.6 million in revenue for the current quarter. 10 analysts expect Five9 Inc. to make $159.34 million in revenue for the quarter ending Dec 2021. Forecasts for the next quarter put sales growth at 24.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.00%. Five9 Inc. earnings are expected to increase by -771.00% in 2021, but the outlook is positive 30.00% per year for the next five years.
Five9 Inc.’s next quarterly earnings report is expected to be released around October 27 and November 01.
Five9 Inc. (NASDAQ:FIVN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.63% of Five9 Inc. shares, and 99.48% of them are in the hands of institutional investors. The stock currently has a share float of 100.11%. Five9 Inc. stock is held by 517 institutions, with Price (T.Rowe) Associates Inc being the largest institutional investor. By Mar 30, 2021, it held 14.57% of the shares, which is about 9.86 million shares worth $1.54 billion.
Vanguard Group, Inc. (The), with 9.55% or 6.46 million shares worth $1.01 billion as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 3.72 million shares worth $581.6 million, making up 5.50% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.86 million shares worth around $291.48 million, which represents about 2.75% of the total shares outstanding.