Five9 Inc (FIVN) Receives Consensus Recommendation of “Buy” from Analysts

Five9 Inc (NASDAQ:FIVN) has earned a consensus rating of “Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $52.92.

A number of brokerages recently commented on FIVN. Morgan Stanley set a $58.00 target price on Five9 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Needham & Company LLC upped their target price on Five9 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Craig Hallum dropped their target price on Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. Canaccord Genuity upped their target price on Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks upped their target price on Five9 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th.

In related news, CFO Barry Zwarenstein sold 8,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $42.53, for a total value of $361,505.00. Following the sale, the chief financial officer now owns 98,953 shares in the company, valued at $4,208,471.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Burkland sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $56.01, for a total value of $95,217.00. Following the completion of the sale, the director now owns 82,171 shares in the company, valued at approximately $4,602,397.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,989 shares of company stock worth $15,244,919. 5.10% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in FIVN. Flinton Capital Management LLC purchased a new stake in Five9 in the 4th quarter worth approximately $30,000. Mckinley Capital Management LLC Delaware purchased a new stake in Five9 in the 4th quarter worth approximately $34,000. Private Capital Group LLC boosted its position in Five9 by 263.4% in the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock worth $46,000 after purchasing an additional 769 shares in the last quarter. Bank of Montreal Can boosted its position in Five9 by 58.3% in the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. Finally, Strs Ohio boosted its position in Five9 by 112.5% in the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock worth $148,000 after purchasing an additional 1,800 shares in the last quarter.

Shares of FIVN traded down $0.16 during mid-day trading on Friday, hitting $52.83. 455,582 shares of the company traded hands, compared to its average volume of 871,085. Five9 has a 1-year low of $26.92 and a 1-year high of $57.90. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.08 billion, a P/E ratio of 352.20 and a beta of 0.63.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, February 19th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The firm had revenue of $72.34 million for the quarter, compared to the consensus estimate of $66.53 million. On average, research analysts anticipate that Five9 will post -0.05 EPS for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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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