Five9’s (FIVN) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a report issued on Friday,Benzinga reports. Rosenblatt Securities currently has a $36.00 price objective on the software maker’s stock.

FIVN has been the topic of several other research reports. Needham & Company LLC cut their price objective on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Evercore ISI cut their price objective on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Piper Sandler cut their price objective on shares of Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, July 14th. Finally, KeyCorp assumed coverage on shares of Five9 in a research report on Friday, June 6th. They issued an “overweight” rating and a $35.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.14.

Five9 Price Performance

Shares of FIVN opened at $24.28 on Friday. The firm has a market cap of $1.85 billion, a PE ratio of 269.81, a PEG ratio of 2.23 and a beta of 1.17. The firm’s 50 day moving average price is $27.42 and its 200 day moving average price is $29.96. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. Five9 has a twelve month low of $21.04 and a twelve month high of $49.90.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.11. The firm had revenue of $283.27 million for the quarter, compared to analyst estimates of $275.18 million. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, research analysts expect that Five9 will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In related news, EVP Panos Kozanian sold 3,816 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $107,916.48. Following the transaction, the executive vice president owned 123,218 shares of the company’s stock, valued at approximately $3,484,605.04. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the transaction, the chief executive officer directly owned 391,462 shares in the company, valued at $10,636,022.54. This trade represents a 3.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,866 shares of company stock valued at $913,042 in the last three months. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently bought and sold shares of FIVN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock worth $72,745,000 after buying an additional 1,996,628 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after buying an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC boosted its stake in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after buying an additional 1,396,496 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Five9 during the fourth quarter worth $51,061,000. Finally, Voss Capital LP acquired a new stake in Five9 during the first quarter worth $28,340,000. Institutional investors and hedge funds 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, 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.