Five9 (NASDAQ:FIVN) Given Maintains Rating at UBS Group

Posted by on Aug 2nd, 2022

UBS Group restated their maintains rating on shares of Five9 (NASDAQ:FIVN – Get Rating) in a research note released on Friday, Benzinga reports.

A number of other analysts have also issued reports on the stock. Roth Capital assumed coverage on shares of Five9 in a research report on Wednesday, May 18th. They set a buy rating and a $129.00 target price on the stock. StockNews.com began coverage on shares of Five9 in a report on Thursday, March 31st. They issued a sell rating on the stock. Morgan Stanley cut their target price on shares of Five9 from $160.00 to $120.00 and set an overweight rating on the stock in a research note on Thursday, July 14th. Piper Sandler cut their target price on shares of Five9 from $166.00 to $150.00 and set an overweight rating on the stock in a research note on Wednesday, July 13th. Finally, Jefferies Financial Group dropped their price target on shares of Five9 from $130.00 to $125.00 in a research note on Monday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $155.11.

Five9 Trading Down 0.9 %

Shares of Five9 stock opened at $107.18 on Friday. Five9 has a 12-month low of $80.52 and a 12-month high of $211.68. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 3.01. The stock has a market cap of $7.46 billion, a PE ratio of -90.83 and a beta of 0.60. The company has a 50-day moving average of $95.69 and a two-hundred day moving average of $105.18.

Five9 (NASDAQ:FIVN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.18 by $0.16. The business had revenue of $189.38 million for the quarter, compared to analyst estimates of $180.08 million. Five9 had a negative net margin of 11.70% and a negative return on equity of 27.15%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) earnings per share. On average, research analysts anticipate that Five9 will post -0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $100.07, for a total value of $1,000,700.00. Following the completion of the sale, the chief financial officer now directly owns 78,573 shares of the company’s stock, valued at $7,862,800.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Kimberly Alexy sold 2,500 shares of the stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $97.26, for a total value of $243,150.00. Following the completion of the transaction, the director now owns 11,117 shares in the company, valued at approximately $1,081,239.42. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Barry Zwarenstein sold 10,000 shares of the stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $100.07, for a total transaction of $1,000,700.00. Following the completion of the transaction, the chief financial officer now owns 78,573 shares of the company’s stock, valued at approximately $7,862,800.11. The disclosure for this sale can be found here. Insiders sold 37,104 shares of company stock valued at $3,719,294 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Five9

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Five9 by 22.9% during the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock worth $416,783,000 after acquiring an additional 703,002 shares during the last quarter. Wasatch Advisors Inc. raised its position in shares of Five9 by 11.3% in the 1st quarter. Wasatch Advisors Inc. now owns 2,190,058 shares of the software maker’s stock valued at $241,782,000 after acquiring an additional 221,679 shares during the period. Pictet Asset Management SA raised its position in shares of Five9 by 41,717.0% in the 4th quarter. Pictet Asset Management SA now owns 1,826,985 shares of the software maker’s stock valued at $250,882,000 after acquiring an additional 1,822,616 shares during the period. Sylebra Capital Ltd raised its position in shares of Five9 by 16.2% in the 1st quarter. Sylebra Capital Ltd now owns 1,499,718 shares of the software maker’s stock valued at $165,569,000 after acquiring an additional 208,604 shares during the period. Finally, Scge Management L.P. raised its holdings in Five9 by 175.4% during the 1st quarter. Scge Management L.P. now owns 1,223,000 shares of the software maker’s stock worth $135,019,000 after buying an additional 778,928 shares during the period. Institutional investors own 97.89% of the company’s stock.

About Five9

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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.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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