Five9 (NASDAQ:FIVN) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a research report released on Monday,Benzinga reports. The brokerage currently has a $52.00 price target on the software maker’s stock.

A number of other research analysts also recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Morgan Stanley raised their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald raised their target price on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities raised their target price on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Piper Sandler raised their target price on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.25.

Five9 Stock Up 2.5 %

Shares of FIVN stock opened at $30.23 on Monday. The firm has a fifty day moving average of $37.97 and a 200-day moving average of $35.82. The company has a quick ratio of 1.85, a current 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 company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -151.14, a P/E/G ratio of 9.41 and a beta of 1.01.

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

Insider Transactions at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by insiders.

Institutional Trading of Five9

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Menard Financial Group LLC acquired a new stake in Five9 in the 4th quarter worth about $206,000. Jefferies Financial Group Inc. bought a new position in Five9 in the 4th quarter valued at about $1,048,000. Sylebra Capital LLC increased its holdings in Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after buying an additional 1,396,496 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Five9 by 261.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker’s stock valued at $27,746,000 after buying an additional 493,709 shares during the period. Finally, Tremblant Capital Group increased its holdings in Five9 by 24.3% in the 4th quarter. Tremblant Capital Group now owns 654,174 shares of the software maker’s stock valued at $26,586,000 after buying an additional 127,979 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

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.