William Blair Reiterates “Outperform” Rating for Five9 (NASDAQ:FIVN)

Five9 (NASDAQ:FIVN)‘s stock had its “outperform” rating reiterated by William Blair in a note issued to investors on Friday,RTT News reports.

Several other equities research analysts also recently commented on the stock. Robert W. Baird boosted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Cantor Fitzgerald boosted their target price on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday. Rosenblatt Securities upped their price target on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target on shares of Five9 in a research report on Friday. Finally, DA Davidson upped their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Trading Up 1.0 %

Shares of Five9 stock opened at $42.09 on Friday. The firm has a market capitalization of $3.17 billion, a PE ratio of -210.44, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company’s fifty day moving average price is $40.57 and its two-hundred day moving average price is $35.88. Five9 has a 52-week low of $26.60 and a 52-week high of $65.71.

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

Insider Activity

In other Five9 news, CFO Barry Zwarenstein sold 3,336 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $139,611.60. Following the completion of the sale, the chief financial officer now owns 98,396 shares of the company’s stock, valued at $4,117,872.60. This trade represents a 3.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its holdings in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Five9 during the 4th quarter valued at $36,000. Signaturefd LLC lifted its holdings in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Five9 during the 4th quarter valued at $47,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. 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.