Five9, Inc. (NASDAQ:FIVN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVNGet Rating) have received an average rating of “Buy” from the twenty-three analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $166.82.

A number of equities analysts have weighed in on FIVN shares. Needham & Company LLC decreased their price target on shares of Five9 from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. StockNews.com began coverage on shares of Five9 in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Morgan Stanley cut their target price on shares of Five9 from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd. Bank of America began coverage on shares of Five9 in a research note on Friday, January 28th. They issued an “underperform” rating on the stock. Finally, Jefferies Financial Group raised shares of Five9 from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Thursday, January 6th.

In other news, CFO Barry Zwarenstein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $108.74, for a total value of $1,087,400.00. Following the completion of the sale, the chief financial officer now directly owns 79,088 shares of the company’s stock, valued at approximately $8,600,029.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rowan M. Trollope sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $116.65, for a total transaction of $233,300.00. Following the completion of the sale, the chief executive officer now directly owns 122,250 shares of the company’s stock, valued at $14,260,462.50. The disclosure for this sale can be found here. Insiders have sold a total of 26,404 shares of company stock valued at $2,765,135 over the last three months. 2.50% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Five9 by 6.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,605 shares of the software maker’s stock worth $256,000 after acquiring an additional 93 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Five9 by 3.7% in the 4th quarter. CIBC Asset Management Inc now owns 2,762 shares of the software maker’s stock worth $379,000 after purchasing an additional 99 shares in the last quarter. Huntington National Bank raised its holdings in shares of Five9 by 56.5% in the 4th quarter. Huntington National Bank now owns 313 shares of the software maker’s stock worth $43,000 after purchasing an additional 113 shares in the last quarter. Eaton Vance Management raised its holdings in shares of Five9 by 1.0% in the 4th quarter. Eaton Vance Management now owns 12,767 shares of the software maker’s stock worth $1,710,000 after purchasing an additional 125 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Five9 by 1.7% in the 4th quarter. Xponance Inc. now owns 7,633 shares of the software maker’s stock worth $1,048,000 after purchasing an additional 128 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Shares of FIVN opened at $111.29 on Wednesday. The company has a debt-to-equity ratio of 3.64, a current ratio of 3.92 and a quick ratio of 3.92. The firm has a 50 day simple moving average of $109.18 and a 200-day simple moving average of $130.23. Five9 has a 1-year low of $80.52 and a 1-year high of $211.68. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of -142.68 and a beta of 0.51.

Five9 (NASDAQ:FIVNGet Rating) last announced its earnings results on Wednesday, February 23rd. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06). Five9 had a negative return on equity of 15.45% and a negative net margin of 8.69%. The firm had revenue of $173.60 million for the quarter, compared to analyst estimates of $165.41 million. During the same quarter last year, the business posted $0.10 EPS. The firm’s revenue was up 35.7% compared to the same quarter last year. On average, equities analysts expect that Five9 will post -0.66 earnings per share for the current fiscal year.

Five9 Company Profile (Get Rating)

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.

Further Reading

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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