Five9, Inc. (NASDAQ:FIVN) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
FIVN has been the subject of several other research reports. KeyCorp reaffirmed an “overweight” rating and set a $29.00 price target (up previously from $27.00) on shares of Five9 in a research note on Wednesday. Canaccord Genuity lifted their price target on Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Northland Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Morgan Stanley lifted their price target on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price target (up previously from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Five9 has a consensus rating of “Buy” and an average price target of $24.25.
Five9 (NASDAQ:FIVN) traded down $0.50 during trading hours on Friday, hitting $25.32. The stock had a trading volume of 214,400 shares, compared to its average volume of 293,163. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.12. Five9 has a fifty-two week low of $12.58 and a fifty-two week high of $27.81.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. analysts expect that Five9 will post -0.19 EPS for the current fiscal year.
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In related news, EVP Daniel P. Burkland sold 10,000 shares of Five9 stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $24.88, for a total transaction of $248,800.00. Following the completion of the sale, the executive vice president now owns 146,436 shares in the company, valued at approximately $3,643,327.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 13,024 shares of Five9 stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.25, for a total value of $276,760.00. Following the sale, the chief financial officer now owns 123,698 shares of the company’s stock, valued at approximately $2,628,582.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,719 shares of company stock valued at $1,658,903. 9.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of FIVN. BNP Paribas Arbitrage SA increased its position in Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after purchasing an additional 5,443 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Five9 in the 2nd quarter valued at about $202,000. Principal Financial Group Inc. purchased a new stake in Five9 in the 2nd quarter valued at about $219,000. KCG Holdings Inc. purchased a new stake in Five9 in the 1st quarter valued at about $236,000. Finally, D.A. Davidson & CO. grew its holdings in Five9 by 20.8% in the 2nd quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock valued at $246,000 after buying an additional 1,976 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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