Five9, Inc. (NASDAQ:FIVN) Receives Average Rating of “Moderate Buy” from Brokerages

Five9, Inc. (NASDAQ:FIVN) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.71.

FIVN has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, June 10th. Royal Bank of Canada initiated coverage on Five9 in a research note on Friday, March 15th. They set an “outperform” rating and a $80.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Five9 in a research note on Thursday, June 6th. Morgan Stanley lowered their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Five9 in a research note on Friday, May 3rd.

Insider Transactions at Five9

In other Five9 news, CEO Michael Burkland sold 12,386 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the transaction, the chief executive officer now directly owns 266,083 shares of the company’s stock, valued at approximately $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Five9 news, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the sale, the chief executive officer now directly owns 266,083 shares in the company, valued at approximately $12,319,642.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Dignan sold 5,731 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $265,345.30. Following the sale, the chief operating officer now owns 124,172 shares in the company, valued at $5,749,163.60. The disclosure for this sale can be found here. Insiders sold 44,541 shares of company stock valued at $2,024,537 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Envestnet Asset Management Inc. lifted its stake in shares of Five9 by 47.9% in the third quarter. Envestnet Asset Management Inc. now owns 65,191 shares of the software maker’s stock worth $4,192,000 after buying an additional 21,125 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Five9 in the third quarter worth $295,000. Treasurer of the State of North Carolina lifted its stake in shares of Five9 by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock worth $2,008,000 after buying an additional 160 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Five9 by 97.2% in the third quarter. Qube Research & Technologies Ltd now owns 90,485 shares of the software maker’s stock worth $5,818,000 after buying an additional 44,608 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Five9 by 208.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,132 shares of the software maker’s stock worth $330,000 after buying an additional 3,469 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Trading Up 6.0 %

Shares of Five9 stock opened at $43.19 on Friday. Five9 has a 12-month low of $39.07 and a 12-month high of $92.40. The company has a 50-day simple moving average of $49.71 and a 200 day simple moving average of $62.84. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $3.19 billion, a P/E ratio of -50.81 and a beta of 0.81.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Research analysts expect that Five9 will post -0.3 earnings per share for the current fiscal year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.