Analysts at Needham & Company LLC initiated coverage on shares of Five9 (NASDAQ:FIVN) in a research note issued on Friday, Stock Target Advisor reports. The brokerage set a “buy” rating and a $70.00 price target on the software maker’s stock. Needham & Company LLC’s target price would suggest a potential upside of 7.02% from the company’s previous close.
FIVN has been the subject of a number of other reports. Morgan Stanley cut shares of Five9 from an “overweight” rating to an “equal” rating and set a $58.00 price objective for the company. in a report on Thursday, September 19th. KeyCorp reiterated a “hold” rating on shares of Five9 in a report on Wednesday, July 31st. Craig Hallum reiterated a “buy” rating and set a $72.00 price objective (up from $68.00) on shares of Five9 in a report on Wednesday, November 6th. SunTrust Banks lifted their price objective on shares of Five9 to $66.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. Five9 currently has a consensus rating of “Buy” and a consensus price target of $64.46.
Shares of Five9 stock traded up $2.09 during midday trading on Friday, reaching $65.41. The company had a trading volume of 732,200 shares, compared to its average volume of 688,715. The firm has a market cap of $3.87 billion, a PE ratio of 436.07, a P/E/G ratio of 59.74 and a beta of 0.66. The stock has a fifty day moving average price of $56.17 and a 200 day moving average price of $54.62. Five9 has a fifty-two week low of $35.37 and a fifty-two week high of $65.58. The company has a debt-to-equity ratio of 1.19, a current ratio of 6.09 and a quick ratio of 6.09.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $78.69 million. Five9 had a negative net margin of 0.54% and a positive return on equity of 7.91%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. As a group, sell-side analysts forecast that Five9 will post 0.11 EPS for the current year.
In related news, CEO Rowan M. Trollope sold 27,010 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $62.08, for a total transaction of $1,676,780.80. Following the transaction, the chief executive officer now directly owns 397,480 shares of the company’s stock, valued at $24,675,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Daniel P. Burkland sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $55.43, for a total transaction of $831,450.00. Following the transaction, the president now directly owns 173,460 shares in the company, valued at $9,614,887.80. The disclosure for this sale can be found here. Insiders have sold 150,585 shares of company stock worth $8,742,761 over the last three months. 4.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC bought a new stake in Five9 in the third quarter worth about $2,659,000. Focused Wealth Management Inc bought a new stake in Five9 in the third quarter worth about $64,000. BBVA USA Bancshares Inc. bought a new stake in Five9 in the third quarter worth about $511,000. Boston Advisors LLC raised its position in Five9 by 50.1% in the third quarter. Boston Advisors LLC now owns 37,420 shares of the software maker’s stock worth $2,011,000 after acquiring an additional 12,493 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Five9 by 5,538.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,199 shares of the software maker’s stock worth $118,000 after acquiring an additional 2,160 shares during the period.
Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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