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

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $63.35.

FIVN has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Five9 in a report on Wednesday, August 21st. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Northland Securities dropped their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Rosenblatt Securities decreased their price objective on Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Barclays dropped their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th.

Five9 Stock Performance

FIVN opened at $29.41 on Friday. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The firm has a market capitalization of $2.17 billion, a P/E ratio of -34.60 and a beta of 0.85. The stock’s 50 day moving average price is $32.51 and its two-hundred day moving average price is $44.46. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. On average, equities analysts forecast that Five9 will post -0.09 earnings per share for the current year.

Insider Activity

In related news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CRO Daniel P. Burkland sold 2,637 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total value of $114,841.35. Following the completion of the transaction, the executive now directly owns 130,079 shares in the company, valued at approximately $5,664,940.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,337 shares of company stock worth $1,491,971. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sylebra Capital LLC grew its stake in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after purchasing an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after purchasing an additional 584,800 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after purchasing an additional 446,151 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Five9 by 38.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after buying an additional 406,188 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in Five9 by 123.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock worth $51,026,000 after buying an additional 358,887 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

About Five9

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.