Five9, Inc. (NASDAQ:FIVN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $79.29.

A number of equities analysts recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $80.00 target price on shares of Five9 in a report on Friday, May 3rd. Wells Fargo & Company decreased their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. UBS Group decreased their target price on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Piper Sandler decreased their target price on Five9 from $86.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Five9 in a report on Thursday, June 6th.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 12,386 shares of Five9 stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares of the company’s stock, valued at $12,319,642.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Five9 news, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the sale, the chief financial officer now owns 85,121 shares of the company’s stock, valued at $3,831,296.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Burkland sold 12,386 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 value of $573,471.80. Following the completion of the sale, the chief executive officer now directly owns 266,083 shares of the company’s stock, valued at approximately $12,319,642.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,748 shares of company stock valued at $2,303,914. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after buying an additional 150,786 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Five9 by 1.9% in the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after purchasing an additional 63,200 shares during the period. Sylebra Capital LLC lifted its position in shares of Five9 by 1.5% during the 1st quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock worth $145,779,000 after purchasing an additional 34,681 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Five9 by 0.8% during the 4th quarter. Eagle Asset Management Inc. now owns 1,035,554 shares of the software maker’s stock worth $81,488,000 after purchasing an additional 8,231 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Five9 during the 4th quarter worth about $79,035,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Up 4.5 %

Shares of FIVN stock opened at $46.76 on Tuesday. Five9 has a 1 year low of $39.07 and a 1 year high of $92.40. The stock has a market cap of $3.45 billion, a PE ratio of -55.01 and a beta of 0.82. The business’s fifty day moving average is $44.35 and its 200-day moving average is $57.61. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVN) last issued its quarterly 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 return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $247.01 million for the quarter, compared to analysts’ expectations of $239.72 million. Equities 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.