Five9 (NASDAQ:FIVN) Given “Buy” Rating at Needham & Company LLC

Five9 (NASDAQ:FIVN)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research note issued on Friday, Benzinga reports. They presently have a $90.00 price objective on the software maker’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 55.49% from the stock’s current price.

FIVN has been the subject of several other reports. Canaccord Genuity Group dropped their target price on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Barclays decreased their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Morgan Stanley dropped their price target on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, Rosenblatt Securities cut their price target on shares of Five9 from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Five9 Stock Up 2.0 %

NASDAQ:FIVN opened at $57.88 on Friday. Five9 has a 12-month low of $51.01 and a 12-month high of $92.40. The company’s 50-day moving average is $59.98 and its two-hundred day moving average is $68.49. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.03%. The business had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Research analysts expect that Five9 will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Several large investors have recently bought and sold shares of FIVN. Arcadia Investment Management Corp MI lifted its position in shares of Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after purchasing an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after buying an additional 279 shares during the period. Headlands Technologies LLC increased its stake in Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after buying an additional 306 shares during the period. Intrust Bank NA acquired a new position in Five9 in the 4th quarter worth $202,000. Finally, Orion Portfolio Solutions LLC boosted its position in Five9 by 15.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after buying an additional 452 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.