Five9 (NASDAQ:FIVN) Rating Reiterated by Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Five9 (NASDAQ:FIVN) in a report released on Friday, Benzinga reports. Rosenblatt Securities currently has a $105.00 target price on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. DA Davidson initiated coverage on shares of Five9 in a research report on Wednesday, June 7th. They issued a neutral rating and a $75.00 price objective on the stock. Roth Capital restated a buy rating on shares of Five9 in a research report on Tuesday, May 23rd. Wells Fargo & Company upped their target price on Five9 from $90.00 to $95.00 and gave the company an overweight rating in a research note on Tuesday, August 8th. Jefferies Financial Group lifted their price objective on Five9 from $70.00 to $75.00 and gave the stock a hold rating in a research report on Monday, August 7th. Finally, Mizuho assumed coverage on shares of Five9 in a research report on Tuesday, May 30th. They issued a buy rating and a $100.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $83.82.

Five9 Price Performance

Five9 stock opened at $64.08 on Friday. The firm has a market cap of $4.63 billion, a PE ratio of -53.40 and a beta of 0.76. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 1.62. Five9 has a 52-week low of $46.61 and a 52-week high of $89.58. The company’s 50 day moving average is $75.89 and its two-hundred day moving average is $70.42.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Monday, August 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.12. The business had revenue of $222.88 million during the quarter, compared to analysts’ expectations of $214.11 million. Five9 had a negative return on equity of 17.08% and a negative net margin of 10.12%. On average, research analysts expect that Five9 will post -1.06 EPS for the current fiscal year.

Insider Activity at Five9

In related news, CRO Daniel P. Burkland sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $86.38, for a total value of $691,040.00. Following the transaction, the executive now owns 109,875 shares in the company, valued at $9,491,002.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Five9 news, CEO Michael Burkland sold 53,671 shares of the stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $80.00, for a total value of $4,293,680.00. Following the completion of the sale, the chief executive officer now directly owns 187,416 shares of the company’s stock, valued at approximately $14,993,280. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Daniel P. Burkland sold 8,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $86.38, for a total transaction of $691,040.00. Following the completion of the sale, the executive now owns 109,875 shares of the company’s stock, valued at approximately $9,491,002.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,171 shares of company stock valued at $6,739,850. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Five9 by 311.4% in the second quarter. Farther Finance Advisors LLC now owns 1,514 shares of the software maker’s stock worth $125,000 after purchasing an additional 1,146 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in Five9 during the 2nd quarter valued at $1,903,000. Virginia Retirement Systems ET AL bought a new stake in Five9 during the 2nd quarter worth about $585,000. Osaic Holdings Inc. grew its stake in shares of Five9 by 7.8% during the second quarter. Osaic Holdings Inc. now owns 3,586 shares of the software maker’s stock valued at $296,000 after purchasing an additional 261 shares during the last quarter. Finally, GTS Securities LLC bought a new position in Five9 in the 2nd quarter valued at $586,000. 96.64% of the stock is owned by institutional investors.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent 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.