Five9 (NASDAQ:FIVN) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Five9 (NASDAQ:FIVN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other equities research analysts have also recently commented on FIVN. Wells Fargo & Company lowered their target price on Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald lowered their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $30.00 price objective on Five9 in a report on Tuesday, October 21st. Barclays reduced their target price on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, Zacks Research cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $35.19.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $20.65 on Friday. Five9 has a twelve month low of $17.71 and a twelve month high of $49.90. The firm has a market cap of $1.62 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The business has a fifty day moving average of $21.53 and a 200-day moving average of $24.95.

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

Five9 announced that its board has approved a share buyback program on Tuesday, November 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Tiffany N. Meriweather sold 6,852 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $139,438.20. Following the completion of the transaction, the insider directly owned 212,126 shares in the company, valued at approximately $4,316,764.10. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan M. Lee sold 13,219 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $269,006.65. Following the completion of the sale, the chief financial officer owned 224,269 shares in the company, valued at $4,563,874.15. The trade was a 5.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 66,739 shares of company stock worth $1,364,010 in the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Five9 by 74.7% in the first quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker’s stock valued at $182,000 after purchasing an additional 2,865 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Five9 by 16.1% in the 1st quarter. Invesco Ltd. now owns 92,284 shares of the software maker’s stock valued at $2,506,000 after acquiring an additional 12,768 shares in the last quarter. Nuveen LLC acquired a new position in shares of Five9 in the first quarter valued at $9,008,000. Aberdeen Group plc raised its position in shares of Five9 by 4.7% in the first quarter. Aberdeen Group plc now owns 288,276 shares of the software maker’s stock valued at $7,827,000 after purchasing an additional 12,893 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Five9 by 42.4% during the 1st quarter. Raymond James Financial Inc. now owns 408,810 shares of the software maker’s stock worth $11,099,000 after buying an additional 121,630 shares during the period. Institutional investors 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.