Five9’s (FIVN) “Outperform” Rating Reiterated at William Blair

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

FIVN has been the subject of a number of other research reports. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Piper Sandler upped their price target on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday. Rosenblatt Securities upped their price target on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird upped their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Cantor Fitzgerald upped their price target on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Stock Up 1.0 %

Shares of FIVN traded up $0.40 on Friday, hitting $42.09. The company’s stock had a trading volume of 7,962,508 shares, compared to its average volume of 1,420,835. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average price is $40.57 and its 200-day moving average price is $35.89. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $65.71. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -84.18, a P/E/G ratio of 9.44 and a beta of 0.93.

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 negative net margin of 3.66% and a negative return on equity of 1.53%. The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. On average, equities research analysts expect that Five9 will post 0.11 EPS for the current year.

Insider Activity at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now owns 69,009 shares in the company, valued at approximately $2,904,588.81. This represents a 9.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the sale, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,004 shares of company stock worth $1,209,279. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA bought a new position in Five9 during the 4th quarter worth $36,000. Signaturefd LLC increased its position in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the period. Johnson Financial Group Inc. bought a new position in Five9 during the 4th quarter worth $47,000. Finally, Steward Partners Investment Advisory LLC increased its position 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 worth $54,000 after buying an additional 1,315 shares during the period. 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, 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.