Five9 (FIVN) Downgraded to Hold at Zacks Investment Research

Five9 (NASDAQ:FIVN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California. “

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research report on Tuesday, November 21st. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of Five9 in a research report on Friday, November 10th. KeyCorp reissued an “overweight” rating and set a $29.00 price target (up from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Barclays cut shares of Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price target on the stock. in a research report on Monday. Finally, Northland Securities reissued a “buy” rating and set a $25.00 price target on shares of Five9 in a research report on Wednesday, October 4th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.50.

Shares of Five9 (NASDAQ FIVN) traded up $0.23 during midday trading on Tuesday, hitting $23.11. 357,296 shares of the stock were exchanged, compared to its average volume of 484,283. The company has a market capitalization of $1,280.00, a PE ratio of -154.07 and a beta of 0.27. Five9 has a 52 week low of $15.27 and a 52 week high of $27.81. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. Five9’s quarterly revenue was up 22.2% on a year-over-year basis. analysts forecast that Five9 will post -0.18 EPS for the current fiscal year.

In related news, CEO Barry Zwarenstein sold 3,073 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $23.79, for a total transaction of $73,106.67. Following the sale, the chief executive officer now directly owns 121,368 shares in the company, valued at $2,887,344.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $24.36, for a total transaction of $243,600.00. Following the sale, the president now owns 168,291 shares in the company, valued at $4,099,568.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 846,877 shares of company stock worth $20,492,200. 9.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Wolverine Trading LLC increased its stake in Five9 by 4.5% in the 2nd quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after buying an additional 522 shares during the last quarter. Zacks Investment Management increased its stake in Five9 by 2.7% in the 2nd quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock valued at $1,013,000 after buying an additional 1,244 shares during the last quarter. Virtu KCG Holdings LLC increased its stake in Five9 by 10.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock valued at $342,000 after buying an additional 1,536 shares during the last quarter. Federated Investors Inc. PA increased its stake in Five9 by 2.9% in the 2nd quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock valued at $1,335,000 after buying an additional 1,750 shares during the last quarter. Finally, Suntrust Banks Inc. increased its stake in Five9 by 7.7% in the 2nd quarter. Suntrust Banks Inc. now owns 24,744 shares of the software maker’s stock valued at $531,000 after buying an additional 1,774 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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Five9 Company Profile

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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