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

Five9, Inc. (NASDAQ:FIVN) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $57.65.

A number of brokerages recently issued reports on FIVN. Rosenblatt Securities raised their price objective on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays raised their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Cantor Fitzgerald raised their price objective on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley raised their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird raised their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th.

Insider Buying and Selling at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares of the company’s stock, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC grew its holdings in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Five9 during the fourth quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Down 3.3 %

FIVN stock opened at $33.35 on Wednesday. The stock has a market capitalization of $2.53 billion, a P/E ratio of -166.74, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 12 month low of $26.60 and a 12 month high of $63.79. The firm has a 50-day moving average price of $39.84 and a 200-day moving average price of $36.00.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, equities research analysts anticipate that Five9 will post 0.28 EPS for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.