Five9 (NASDAQ:FIVN) Trading 6.5% Higher – Still a Buy?

Five9, Inc. (NASDAQ:FIVN) shares were up 6.5% on Tuesday . The stock traded as high as $39.52 and last traded at $39.83. Approximately 253,383 shares changed hands during trading, a decline of 72% from the average daily volume of 914,640 shares. The stock had previously closed at $37.39.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Robert W. Baird boosted their price objective on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Cantor Fitzgerald assumed coverage on Five9 in a research report on Friday, January 17th. They issued an “overweight” rating and a $46.00 price target on the stock. Rosenblatt Securities boosted their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $52.00 price target on shares of Five9 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.50.

Five9 Stock Performance

The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -78.26, a price-to-earnings-growth ratio of 8.93 and a beta of 0.92. The company has a 50 day simple moving average of $40.43 and a 200-day simple moving average of $36.25. 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 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, November 7th. The software maker reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.43). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. The company had revenue of $264.18 million for the quarter, compared to the consensus estimate of $254.82 million. During the same period last year, the company earned ($0.21) EPS. As a group, equities research analysts expect that Five9, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at approximately $9,973,011.60. This represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 in the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Five9 in the 2nd quarter worth approximately $57,000. FNY Investment Advisers LLC grew its stake in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after buying an additional 2,485 shares in the last quarter. Quest Partners LLC bought a new stake in Five9 during the 3rd quarter valued at $95,000. Finally, KBC Group NV lifted its position in shares of Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after acquiring an additional 1,113 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

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.