Five9, Inc. (NASDAQ:FIVN) Receives Average Rating of “Moderate Buy” from Analysts

Five9, Inc. (NASDAQ:FIVN) has earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $84.88.

Several equities research analysts have weighed in on the company. Canaccord Genuity Group dropped their price objective on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barclays dropped their price objective on Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Five9 in a report on Friday, May 3rd. Morgan Stanley decreased their target price on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada initiated coverage on Five9 in a research note on Friday, March 15th. They issued an “outperform” rating and a $80.00 target price for the company.

Insider Activity

In related news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. Arcadia Investment Management Corp MI boosted its holdings in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Five9 by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock worth $2,008,000 after purchasing an additional 160 shares in the last quarter. Arizona State Retirement System lifted its stake in Five9 by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 20,266 shares of the software maker’s stock worth $1,303,000 after purchasing an additional 172 shares in the last quarter. US Bancorp DE lifted its stake in Five9 by 1.4% in the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock worth $1,340,000 after purchasing an additional 228 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in Five9 by 4.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,319 shares of the software maker’s stock worth $406,000 after purchasing an additional 273 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Performance

NASDAQ:FIVN opened at $54.32 on Thursday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -63.91 and a beta of 0.85. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The business’s fifty day moving average is $59.61 and its 200 day moving average is $68.36. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The business had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. Research analysts predict that Five9 will post -0.42 EPS for the current year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.