Five9 Inc. (NASDAQ: FIVN) stock fell -3.19% on Thursday to $56.20 against a previous-day closing price of $58.05. With 1.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.52 million shares. The 52-week range on FIVN shows that it touched its highest point at $120.39 and its lowest point at $46.61 during that stretch. It currently has a 1-year price target of $83.75. Beta for the stock currently stands at 0.72.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FIVN was down-trending over the past week, with a drop of -7.52%, but this was down by -9.73% over a month. Three-month performance dropped to -21.07% while six-month performance fell -5.31%. The stock lost -34.76% in the past year, while it has lost -17.18% so far this year. A look at the trailing 12-month EPS for FIVN yields -1.25 with Next year EPS estimates of 2.12. For the next quarter, that number is 0.39. This implies an EPS growth rate of -72.40% for this year and 20.44% for next year. EPS is expected to grow by 21.44% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -44.90%.
Float and Shares Shorts:
At present, 71.26 million FIVN shares are outstanding with a float of 69.34 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.53 million, which was 4.93% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Burkland M.B.A. as the firm’s CEO & Chairman, Mr. Daniel P. Burkland serves as its Pres & Chief Revenue Officer.
Institutional Ownership:
Through their ownership of 107.35% of FIVN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.79% of FIVN, in contrast to 43.76% held by mutual funds. Shares owned by individuals account for 24.15%. As the largest shareholder in FIVN with 9.34% of the stake, The Vanguard Group, Inc. holds 6,648,303 shares worth 6,648,303. A second-largest stockholder of FIVN, Pictet Asset Management SA, holds 3,855,573 shares, controlling over 5.42% of the firm’s shares. Wasatch Advisors, Inc. is the third largest shareholder in FIVN, holding 3,588,897 shares or 5.04% stake. With a 3.10% stake in FIVN, the Vanguard Explorer Fund is the largest stakeholder. A total of 2,207,555 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.07% of FIVN stock, is the second-largest Mutual Fund holder. It holds 2,183,323 shares valued at 141.57 million. BlackRock Mid Cap Growth Equity P holds 2.81% of the stake in FIVN, owning 2,002,457 shares worth 129.84 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FIVN reported revenue of $189.38M and operating income of -$21.76M. The EBITDA in the recently reported quarter was -$7.30M and diluted EPS was -$0.34.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIVN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FIVN analysts setting a high price target of $105.00 and a low target of $61.00, the average target price over the next 12 months is $83.55. Based on these targets, FIVN could surge 86.83% to reach the target high and rise by 8.54% to reach the target low. Reaching the average price target will result in a growth of 48.67% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded FIVN stock several times over the past three months with 6 Buys and 17 Sells. In these transactions, 119,484 shares were bought while 27,597 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 119 over the past year. The total number of shares bought during that period was 669,898 while 260,742 shares were sold.
