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

Five9, Inc. (NASDAQ:FIVN – Get Rating) has received a consensus rating of “Buy” from the twenty-four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $167.00.

FIVN has been the topic of a number of research reports. TheStreet cut Five9 from a “c-” rating to a “d+” rating in a research note on Wednesday. StockNews.com began coverage on Five9 in a report on Thursday, March 31st. They set a “sell” rating on the stock. Zacks Investment Research upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. KeyCorp reduced their price objective on shares of Five9 from $208.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. Finally, Northland Securities reduced their price target on shares of Five9 from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th.

In related news, CFO Barry Zwarenstein sold 10,000 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $108.74, for a total transaction of $1,087,400.00. Following the transaction, the chief financial officer now owns 79,088 shares of the company’s stock, valued at approximately $8,600,029.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rowan M. Trollope sold 2,000 shares of Five9 stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $108.81, for a total transaction of $217,620.00. Following the sale, the chief executive officer now directly owns 66,702 shares in the company, valued at approximately $7,257,844.62. The disclosure for this sale can be found here. Insiders sold a total of 28,404 shares of company stock worth $2,982,755 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Pictet Asset Management SA boosted its position in shares of Five9 by 41,717.0% in the fourth quarter. Pictet Asset Management SA now owns 1,826,985 shares of the software maker’s stock worth $250,882,000 after purchasing an additional 1,822,616 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Five9 by 388.0% in the fourth quarter. Wasatch Advisors Inc. now owns 1,968,379 shares of the software maker’s stock valued at $270,298,000 after acquiring an additional 1,564,988 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Five9 in the fourth quarter valued at $191,622,000. Sylebra Capital Ltd purchased a new stake in shares of Five9 in the fourth quarter valued at $177,296,000. Finally, Magnetar Financial LLC grew its holdings in shares of Five9 by 13,418.4% in the third quarter. Magnetar Financial LLC now owns 770,008 shares of the software maker’s stock worth $123,001,000 after purchasing an additional 764,312 shares during the last quarter. 97.89% of the stock is owned by institutional investors and hedge funds.

Shares of FIVN stock opened at $101.42 on Friday. The stock has a market cap of $7.05 billion, a PE ratio of -93.05 and a beta of 0.50. The business has a 50-day simple moving average of $105.23 and a 200-day simple moving average of $123.88. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.44. Five9 has a 52-week low of $80.52 and a 52-week high of $211.68.

Five9 (NASDAQ:FIVN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The software maker reported $0.22 earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.52. The firm had revenue of $182.80 million during the quarter, compared to analyst estimates of $170.87 million. Five9 had a negative return on equity of 24.00% and a negative net margin of 11.43%. Five9’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) EPS. Sell-side analysts anticipate that Five9 will post -0.84 earnings per share for the current fiscal year.

About Five9 (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.

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