Five9 (NASDAQ:FIVN) Research Coverage Started at Moffett Nathanson

Moffett Nathanson began coverage on shares of Five9 (NASDAQ:FIVNGet Rating) in a research report sent to investors on Thursday, The Fly reports. The brokerage issued a hold rating and a $103.00 target price on the software maker’s stock.

A number of other analysts also recently commented on FIVN. Morgan Stanley dropped their price objective on Five9 from $160.00 to $120.00 and set an overweight rating on the stock in a research note on Thursday, July 14th. UBS Group dropped their price objective on Five9 from $180.00 to $135.00 and set a buy rating on the stock in a research note on Monday, July 25th. Deutsche Bank Aktiengesellschaft started coverage on Five9 in a research note on Monday, August 15th. They issued a hold rating and a $120.00 price objective on the stock. KeyCorp started coverage on Five9 in a research note on Monday, September 12th. They issued an overweight rating and a $124.00 price objective on the stock. Finally, MKM Partners started coverage on Five9 in a research note on Thursday, August 4th. They issued a buy rating and a $135.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $145.30.

Five9 Stock Down 2.6 %

Shares of Five9 stock opened at $77.59 on Thursday. The business’s fifty day moving average price is $99.88 and its two-hundred day moving average price is $100.19. The company has a debt-to-equity ratio of 3.01, a current ratio of 4.50 and a quick ratio of 4.50. The company has a market capitalization of $5.44 billion, a P/E ratio of -65.75 and a beta of 0.63. Five9 has a 1-year low of $76.58 and a 1-year high of $172.87.

Five9 (NASDAQ:FIVNGet Rating) last announced its earnings results on Thursday, July 28th. The software maker reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.05. The firm had revenue of $189.38 million for the quarter, compared to the consensus estimate of $180.08 million. Five9 had a negative return on equity of 27.15% and a negative net margin of 11.70%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. As a group, research analysts forecast that Five9 will post -0.9 EPS for the current year.

Insider Buying and Selling at Five9

In other Five9 news, CRO Daniel P. Burkland sold 4,414 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $89.63, for a total value of $395,626.82. Following the transaction, the executive now owns 120,750 shares in the company, valued at $10,822,822.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Rowan M. Trollope sold 5,909 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $120.11, for a total transaction of $709,729.99. Following the completion of the transaction, the chief executive officer now owns 46,968 shares of the company’s stock, valued at approximately $5,641,326.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Daniel P. Burkland sold 4,414 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $89.63, for a total value of $395,626.82. Following the transaction, the executive now directly owns 120,750 shares of the company’s stock, valued at approximately $10,822,822.50. The disclosure for this sale can be found here. Insiders have sold 44,555 shares of company stock worth $4,642,927 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five9

Several large investors have recently made changes to their positions in the business. Verition Fund Management LLC lifted its position in shares of Five9 by 295.3% during the 2nd quarter. Verition Fund Management LLC now owns 7,157 shares of the software maker’s stock worth $652,000 after purchasing an additional 10,821 shares during the last quarter. Riverbridge Partners LLC increased its stake in Five9 by 111.0% during the second quarter. Riverbridge Partners LLC now owns 583,457 shares of the software maker’s stock valued at $53,176,000 after acquiring an additional 306,982 shares during the period. Prelude Capital Management LLC increased its stake in Five9 by 95.5% during the second quarter. Prelude Capital Management LLC now owns 11,129 shares of the software maker’s stock valued at $1,014,000 after acquiring an additional 5,435 shares during the period. SQN Investors LP increased its stake in Five9 by 30.1% during the second quarter. SQN Investors LP now owns 565,216 shares of the software maker’s stock valued at $51,514,000 after acquiring an additional 130,649 shares during the period. Finally, Neo Ivy Capital Management increased its stake in Five9 by 117.6% during the second quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after acquiring an additional 254 shares during the period.

About Five9

(Get Rating)

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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