Five9 (NASDAQ:FIVN) Price Target Increased to $38.00 by Analysts at Stifel Nicolaus

Five9 (NASDAQ:FIVN) had its price target boosted by Stifel Nicolaus from $36.00 to $38.00 in a report issued on Tuesday, August 7th, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the software maker’s stock.

FIVN has been the topic of several other research reports. Canaccord Genuity reaffirmed a buy rating and set a $42.00 target price (up previously from $34.00) on shares of Five9 in a research note on Tuesday, August 7th. BidaskClub cut shares of Five9 from a strong-buy rating to a buy rating in a research report on Tuesday, June 26th. Needham & Company LLC boosted their price target on shares of Five9 from $30.00 to $35.00 and gave the company a buy rating in a research report on Wednesday, May 2nd. ValuEngine raised shares of Five9 from a buy rating to a strong-buy rating in a research report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Five9 to $46.00 and gave the company an overweight rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. Five9 presently has an average rating of Buy and an average target price of $38.00.

NASDAQ FIVN traded up $0.23 on Tuesday, hitting $48.05. The company had a trading volume of 502,800 shares, compared to its average volume of 572,551. The firm has a market cap of $2.79 billion, a PE ratio of -282.65 and a beta of 0.12. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.96 and a current ratio of 6.96. Five9 has a 12-month low of $20.59 and a 12-month high of $48.99.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. Five9 had a negative net margin of 1.04% and a negative return on equity of 3.56%. The company had revenue of $61.12 million during the quarter, compared to analyst estimates of $56.42 million. The company’s revenue was up 28.1% on a year-over-year basis. equities analysts predict that Five9 will post -0.05 EPS for the current fiscal year.

In related news, CFO Barry Zwarenstein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the chief financial officer now directly owns 128,098 shares of the company’s stock, valued at $6,052,630.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Welch sold 32,397 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $37.06, for a total value of $1,200,632.82. Following the completion of the transaction, the executive vice president now directly owns 109,758 shares of the company’s stock, valued at $4,067,631.48. The disclosure for this sale can be found here. Insiders have sold 123,176 shares of company stock worth $4,648,295 over the last 90 days. Insiders own 5.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Five9 by 11.1% in the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after acquiring an additional 406,173 shares during the period. Tremblant Capital Group boosted its holdings in shares of Five9 by 7.5% in the first quarter. Tremblant Capital Group now owns 1,214,591 shares of the software maker’s stock valued at $36,183,000 after acquiring an additional 84,629 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Five9 by 43.6% during the first quarter. Loomis Sayles & Co. L P now owns 1,130,995 shares of the software maker’s stock worth $33,692,000 after purchasing an additional 343,399 shares during the period. Royal Bank of Canada lifted its holdings in shares of Five9 by 20.6% during the first quarter. Royal Bank of Canada now owns 924,924 shares of the software maker’s stock worth $27,553,000 after purchasing an additional 157,812 shares during the period. Finally, Eventide Asset Management LLC lifted its holdings in shares of Five9 by 55.2% during the first quarter. Eventide Asset Management LLC now owns 894,000 shares of the software maker’s stock worth $26,632,000 after purchasing an additional 318,000 shares during the period. 96.32% of the stock is owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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