Five9 (NASDAQ:FIVN) Receives Buy Rating from Roth Capital

Five9 (NASDAQ:FIVN – Get Rating)‘s stock had its “buy” rating reiterated by stock analysts at Roth Capital in a research note issued on Tuesday, PriceTargets.com reports.

FIVN has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Five9 in a research note on Thursday, February 23rd. William Blair restated an “outperform” rating on shares of Five9 in a report on Wednesday, February 22nd. Canaccord Genuity Group upped their price objective on shares of Five9 from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Five9 in a research report on Thursday, February 23rd. Finally, Wells Fargo & Company increased their target price on shares of Five9 from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 23rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.57.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $56.20 on Tuesday. Five9 has a twelve month low of $46.61 and a twelve month high of $120.39. The firm has a fifty day simple moving average of $63.60 and a 200 day simple moving average of $67.27. The company has a market capitalization of $4.00 billion, a PE ratio of -45.32 and a beta of 0.72. The company has a quick ratio of 5.00, a current ratio of 5.00 and a debt-to-equity ratio of 2.18.

Five9 (NASDAQ:FIVN – Get Rating) last announced its earnings results on Wednesday, February 22nd. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.16. Five9 had a negative net margin of 10.78% and a negative return on equity of 21.77%. The business had revenue of $208.35 million during the quarter, compared to the consensus estimate of $204.47 million. On average, sell-side analysts forecast that Five9 will post -1.13 EPS for the current year.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 2,500 shares of Five9 stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.02, for a total value of $137,550.00. Following the transaction, the chief financial officer now owns 94,803 shares in the company, valued at approximately $5,216,061.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Panos Kozanian sold 1,378 shares of Five9 stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $69.00, for a total transaction of $95,082.00. Following the sale, the executive vice president now owns 113,789 shares of the company’s stock, valued at approximately $7,851,441. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 2,500 shares of Five9 stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.02, for a total transaction of $137,550.00. Following the transaction, the chief financial officer now directly owns 94,803 shares of the company’s stock, valued at $5,216,061.06. The disclosure for this sale can be found here. Insiders have sold a total of 40,514 shares of company stock worth $2,709,455 in the last 90 days. 2.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FIVN. Pictet Asset Management SA lifted its position in Five9 by 64.4% during the 1st quarter. Pictet Asset Management SA now owns 3,855,573 shares of the software maker’s stock valued at $278,719,000 after acquiring an additional 1,509,878 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Five9 by 402.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,848,061 shares of the software maker’s stock valued at $125,410,000 after purchasing an additional 1,479,988 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Five9 by 104.4% during the third quarter. Alliancebernstein L.P. now owns 2,196,520 shares of the software maker’s stock valued at $164,695,000 after purchasing an additional 1,122,000 shares during the last quarter. Natixis grew its position in Five9 by 3,131.1% during the fourth quarter. Natixis now owns 1,040,400 shares of the software maker’s stock valued at $70,602,000 after buying an additional 1,008,200 shares during the period. Finally, Sylebra Capital Ltd grew its position in Five9 by 50.5% during the fourth quarter. Sylebra Capital Ltd now owns 2,495,298 shares of the software maker’s stock valued at $169,331,000 after buying an additional 837,067 shares during the period.

About Five9

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.