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

Shares of Five9, Inc. (NASDAQ:FIVN) have been given an average rating of “Moderate Buy” by the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.15.

Several brokerages have recently issued reports on FIVN. Evercore ISI lowered their price objective on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC dropped their price objective on Five9 from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group lowered their target price on shares of Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, April 28th. KeyCorp started coverage on shares of Five9 in a report on Friday, June 6th. They set an “overweight” rating and a $35.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 5,475 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $154,833.00. Following the completion of the sale, the chief executive officer now owns 385,987 shares in the company, valued at $10,915,712.36. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Panos Kozanian sold 3,816 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $107,916.48. Following the completion of the transaction, the executive vice president now owns 123,218 shares of the company’s stock, valued at $3,484,605.04. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,866 shares of company stock worth $913,434 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC boosted its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. bought a new position in Five9 in the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC lifted its holdings in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Five9 by 419.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock worth $61,000 after buying an additional 1,811 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Stock Down 2.4%

Shares of Five9 stock opened at $27.75 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -138.74, a P/E/G ratio of 9.41 and a beta of 1.20. Five9 has a 52-week low of $21.04 and a 52-week high of $49.90. The stock has a 50-day simple moving average of $25.65 and a 200-day simple moving average of $33.62.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the prior year, the company posted $0.48 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 Company Profile

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.