Five9, Inc. (NASDAQ:FIVN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Five9, Inc. (NASDAQ:FIVN) has received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $43.15.

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Barclays lowered their price target on shares of Five9 from $60.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Wells Fargo & Company cut their price objective on Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. UBS Group reduced their price objective on Five9 from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd.

Five9 Trading Down 2.4%

Shares of FIVN stock opened at $27.75 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The company has a market cap of $2.12 billion, a PE ratio of -138.74, a P/E/G ratio of 9.41 and a beta of 1.20. The stock’s fifty day moving average price is $25.65 and its two-hundred day moving average price is $33.62.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to analysts’ expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. Equities analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In related news, President Andy Dignan sold 4,845 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total transaction of $136,532.10. Following the sale, the president now owns 227,839 shares in the company, valued at $6,420,503.02. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bryan M. Lee sold 1,798 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $50,847.44. Following the sale, the chief financial officer now directly owns 126,468 shares of the company’s stock, valued at approximately $3,576,515.04. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,866 shares of company stock valued at $913,434. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FIVN. Norges Bank bought a new position in shares of Five9 during the 4th quarter worth about $81,280,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Five9 by 292.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock worth $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. Ameriprise Financial Inc. grew its position in Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after purchasing an additional 1,867,137 shares during the period. Sylebra Capital LLC grew its position in Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after purchasing an additional 1,396,496 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 during the fourth quarter worth about $51,061,000. 96.64% of the stock is owned by institutional investors.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.