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

Shares of Five9, Inc. (NASDAQ:FIVN) have received an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $35.1875.

FIVN has been the subject of a number of analyst reports. Barclays reduced their price objective on Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company dropped their price objective on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Wall Street Zen cut Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Piper Sandler decreased their price target on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley set a $30.00 target price on shares of Five9 in a report on Tuesday, October 21st.

Five9 Trading Up 1.4%

Shares of Five9 stock opened at $20.74 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 1.27 and a beta of 1.35. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $21.62 and its 200-day moving average price is $25.00. Five9 has a 12-month low of $17.71 and a 12-month high of $49.90.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The company had revenue of $283.27 million for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. On average, equities analysts expect that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 declared that its board has initiated a stock repurchase plan on Tuesday, November 11th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Five9

A number of large investors have recently bought and sold shares of the business. Voss Capital LP grew its holdings in shares of Five9 by 211.4% during the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock worth $86,060,000 after buying an additional 2,206,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Five9 by 292.4% in 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 valued at $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. Norges Bank acquired a new stake in shares of Five9 in the second quarter valued at $39,056,000. Federated Hermes Inc. grew its position in shares of Five9 by 124,372.3% during the second quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock worth $21,984,000 after buying an additional 829,563 shares in the last quarter. Finally, Anson Funds Management LP raised its holdings in shares of Five9 by 98.5% in the 3rd quarter. Anson Funds Management LP now owns 1,534,272 shares of the software maker’s stock valued at $37,129,000 after purchasing an additional 761,486 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

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.