Five9 (NASDAQ:FIVN) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $90.00 target price on the software maker’s stock.

A number of other equities research analysts also recently weighed in on FIVN. Needham & Company LLC reaffirmed a buy rating and set a $90.00 price objective on shares of Five9 in a research report on Tuesday, August 8th. Piper Sandler cut their price objective on shares of Five9 from $94.00 to $77.00 and set an overweight rating on the stock in a research report on Friday. Wells Fargo & Company increased their target price on shares of Five9 from $90.00 to $95.00 and gave the company an overweight rating in a research report on Tuesday, August 8th. Jefferies Financial Group lifted their price target on shares of Five9 from $70.00 to $75.00 and gave the stock a hold rating in a report on Monday, August 7th. Finally, Roth Mkm increased their price objective on Five9 from $80.00 to $90.00 and gave the company a buy rating in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Five9 has an average rating of Moderate Buy and a consensus price target of $81.55.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $64.24 on Monday. The firm has a 50 day moving average of $64.19 and a 200 day moving average of $69.23. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -53.53 and a beta of 0.78. Five9 has a 52 week low of $46.61 and a 52 week high of $89.58.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Monday, August 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.12. The business had revenue of $222.88 million for the quarter, compared to the consensus estimate of $214.11 million. Five9 had a negative return on equity of 17.08% and a negative net margin of 10.12%. On average, sell-side analysts predict that Five9 will post -1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five9

A number of large investors have recently bought and sold shares of FIVN. Commerce Bank lifted its stake in Five9 by 5.9% during the 1st quarter. Commerce Bank now owns 5,413 shares of the software maker’s stock valued at $391,000 after acquiring an additional 300 shares during the period. Handelsbanken Fonder AB lifted its position in Five9 by 38.7% during the second quarter. Handelsbanken Fonder AB now owns 14,695 shares of the software maker’s stock valued at $1,212,000 after purchasing an additional 4,100 shares during the period. Assenagon Asset Management S.A. lifted its position in Five9 by 2.1% during the second quarter. Assenagon Asset Management S.A. now owns 505,537 shares of the software maker’s stock valued at $41,682,000 after purchasing an additional 10,432 shares during the period. Brown Capital Management LLC boosted its holdings in Five9 by 4.2% in the first quarter. Brown Capital Management LLC now owns 22,110 shares of the software maker’s stock valued at $1,598,000 after purchasing an additional 893 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in Five9 during the 2nd quarter worth about $79,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent 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.