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 nineteen research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $57.65.

A number of research firms have recently weighed in on FIVN. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their price target on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Rosenblatt Securities lifted their price target on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald lifted their price target on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, William Blair reiterated an “outperform” rating on shares of Five9 in a research report on Friday, February 21st.

Insiders Place Their Bets

In other Five9 news, COO Andy Dignan sold 2,840 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the sale, the chief operating officer now owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,039 shares of company stock valued at $930,029. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Five9

Several institutional investors have recently modified their holdings of FIVN. Norges Bank bought a new stake in shares of Five9 in the fourth quarter worth $81,280,000. Ameriprise Financial Inc. grew its stake in shares of Five9 by 353.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after purchasing an additional 1,867,137 shares during the last quarter. Sylebra Capital LLC grew its stake in shares of Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 in the fourth quarter worth $51,061,000. Finally, Wellington Management Group LLP grew its stake in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 1.2 %

Shares of FIVN stock opened at $32.48 on Wednesday. The firm has a 50 day moving average price of $39.31 and a two-hundred day moving average price of $35.97. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.46 billion, a PE ratio of -162.39, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. Five9 has a 12-month low of $26.60 and a 12-month high of $63.79.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, analysts predict that Five9 will post 0.28 earnings per share for the current year.

About Five9

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.