Five9, Inc. (NASDAQ:FIVN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.71.

A number of brokerages recently weighed in on FIVN. Morgan Stanley decreased their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Wells Fargo & Company lowered their price target on shares of Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Five9 in a research report on Friday, May 3rd. Royal Bank of Canada assumed coverage on shares of Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Five9 in a report on Thursday, June 6th.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,386 shares of Five9 stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $573,471.80. Following the completion of the transaction, the chief executive officer now owns 266,083 shares in the company, valued at approximately $12,319,642.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael Burkland sold 12,386 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the sale, the chief executive officer now owns 266,083 shares of the company’s stock, valued at approximately $12,319,642.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 10,291 shares of Five9 stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $42.64, for a total transaction of $438,808.24. Following the transaction, the chief financial officer now directly owns 107,255 shares of the company’s stock, valued at $4,573,353.20. The disclosure for this sale can be found here. Insiders sold 44,541 shares of company stock worth $2,024,537 over the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Several hedge funds have recently modified their holdings of FIVN. Arcadia Investment Management Corp MI boosted its position in 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. grew its stake in Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after acquiring an additional 279 shares during the period. Headlands Technologies LLC increased its holdings in Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares in the last quarter. Intrust Bank NA acquired a new position in Five9 during the fourth quarter worth $202,000. Finally, Inceptionr LLC purchased a new position in Five9 during the fourth quarter valued at $215,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Trading Down 1.0 %

NASDAQ:FIVN opened at $43.13 on Friday. The firm has a 50-day simple moving average of $48.81 and a 200-day simple moving average of $61.80. Five9 has a one year low of $39.07 and a one year high of $92.40. The firm has a market cap of $3.19 billion, a P/E ratio of -50.74 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. Equities analysts anticipate that Five9 will post -0.3 EPS for the current fiscal year.

About Five9

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.