During the last session, Five9 Inc. (NASDAQ:FIVN)’s traded shares were 1.71 million, with the beta value of the company hitting 0.72. At the end of the trading day, the stock’s price was $56.20, reflecting an intraday loss of -3.19% or -$1.85. The 52-week high for the FIVN share is $120.39, that puts it down -114.22 from that peak though still a striking 17.06% gain since the share price plummeted to a 52-week low of $46.61. The company’s market capitalization is $3.95B, and the average intraday trading volume over the past 10 days was 1.69 million shares, and the average trade volume was 1.52 million shares over the past three months.
Five9 Inc. (FIVN) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. FIVN has a Sell rating from 0 analyst(s) out of 23 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 13 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.39.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Five9 Inc. (NASDAQ:FIVN) trade information
Five9 Inc. (FIVN) registered a -3.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.19% in intraday trading to $56.20 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -7.52%, and it has moved by -9.73% in 30 days. Based on these gigs, the overall price performance for the year is -34.76%. The short interest in Five9 Inc. (NASDAQ:FIVN) is 3.53 million shares and it means that shorts have 3.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $83.55, which implies an increase of 32.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $61.00 and $105.00 respectively. As a result, FIVN is trading at a discount of -86.83% off the target high and -8.54% off the low.
Five9 Inc. (FIVN) estimates and forecasts
Statistics show that Five9 Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Five9 Inc. (FIVN) shares have gone down -5.31% during the last six months, with a year-to-date growth rate more than the industry average at 17.33% against 15.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 14.70% this quarter and then jump 10.30% in the quarter after that. In the rating firms’ projections, revenue will increase 16.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $214.16 million as predicted by 19 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $227.74 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $189.38 million and $195.1 million respectively. In this case, analysts expect current quarter sales to grow by 13.10% and then jump by 16.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -44.90%. While earnings are projected to return -72.40% in 2023, the next five years will return 21.44% per annum.
FIVN Dividends
Five9 Inc. is due to release its next quarterly earnings between July 26 and July 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Five9 Inc. (NASDAQ:FIVN)’s Major holders
Five9 Inc. insiders own 0.97% of total outstanding shares while institutional holders control 107.35%, with the float percentage being 108.40%. Blackrock Inc. is the largest shareholder of the company, while 422 institutions own stock in it. As of Mar 30, 2023, the company held over 6.75 million shares (or 9.49% of all shares), a total value of $488.21 million in shares.
The next largest institutional holding, with 6.75 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.49% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $488.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Five9 Inc. (FIVN) shares are Vanguard Explorer Fund, Inc. and Blackrock Funds-Mid-Cap Growth Equity Portfolio. Data provided on Jan 30, 2023 indicates that Vanguard Explorer Fund, Inc. owns about 2.21 million shares. This amounts to just over 3.09 percent of the company’s overall shares, with a $173.91 million market value. The same data shows that the other fund manager holds slightly less at 2.2 million, or about 3.07% of the stock, which is worth about $144.87 million.