Somewhat Positive Press Coverage Somewhat Unlikely to Affect Five9 (FIVN) Stock Price

News articles about Five9 (NASDAQ:FIVN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty 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 stories about the software maker an impact score of 46.6463596827609 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Five9 stock opened at $31.81 on Friday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -187.12 and a beta of 0.15. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.50. Five9 has a one year low of $19.53 and a one year high of $34.23.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $58.91 million during the quarter, compared to the consensus estimate of $55.12 million. Five9 had a negative net margin of 2.04% and a negative return on equity of 13.23%. The company’s revenue was up 25.3% on a year-over-year basis. equities research analysts forecast that Five9 will post -0.14 earnings per share for the current year.

FIVN has been the subject of several research reports. SunTrust Banks initiated coverage on shares of Five9 in a research report on Wednesday, January 31st. They issued a “buy” rating and a $30.00 price target for the company. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 3rd. KeyCorp restated a “buy” rating and set a $30.00 price objective (up previously from $29.00) on shares of Five9 in a research report on Wednesday, February 21st. Morgan Stanley upped their price objective on shares of Five9 from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, April 27th. Finally, Barclays upped their price objective on shares of Five9 from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $28.67.

In other news, President Daniel P. Burkland sold 10,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.78, for a total value of $267,800.00. Following the completion of the transaction, the president now owns 178,291 shares in the company, valued at approximately $4,774,632.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Welch sold 134,434 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $29.55, for a total transaction of $3,972,524.70. Following the completion of the transaction, the executive vice president now owns 89,974 shares of the company’s stock, valued at approximately $2,658,731.70. The disclosure for this sale can be found here. Insiders sold a total of 613,048 shares of company stock valued at $18,053,851 in the last quarter. Insiders own 5.10% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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