Canaccord Genuity reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a research report sent to investors on Friday morning. Canaccord Genuity currently has a $31.00 price objective on the software maker’s stock.
Other equities research analysts have also issued research reports about the company. KeyCorp reissued a buy rating and set a $30.00 target price (up previously from $29.00) on shares of Five9 in a research report on Wednesday. SunTrust Banks initiated coverage on Five9 in a research report on Wednesday, January 31st. They set a buy rating and a $30.00 target price on the stock. BidaskClub raised Five9 from a hold rating to a buy rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Five9 from a hold rating to a buy rating and set a $28.00 price target on the stock in a research note on Monday, November 13th. Finally, Needham & Company LLC restated a buy rating and set a $30.00 price target on shares of Five9 in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $26.60.
Shares of Five9 (NASDAQ:FIVN) traded down $0.71 during midday trading on Friday, hitting $29.70. The stock had a trading volume of 575,804 shares, compared to its average volume of 353,083. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 has a 1-year low of $15.77 and a 1-year high of $32.00. The firm has a market cap of $1,610.00, a price-to-earnings ratio of -174.71 and a beta of 0.26.
Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. Five9 had a negative return on equity of 27.57% and a negative net margin of 4.48%. The business had revenue of $55.40 million for the quarter, compared to analyst estimates of $52.31 million. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. sell-side analysts forecast that Five9 will post -0.19 earnings per share for the current year.
In other Five9 news, Director Jack L. Acosta sold 150,000 shares of Five9 stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $26.96, for a total value of $4,044,000.00. Following the transaction, the director now directly owns 22,155 shares in the company, valued at approximately $597,298.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Daniel P. Burkland sold 10,000 shares of Five9 stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.78, for a total value of $267,800.00. Following the completion of the transaction, the president now owns 178,291 shares in the company, valued at $4,774,632.98. The disclosure for this sale can be found here. Insiders have sold a total of 335,889 shares of company stock worth $8,650,000 in the last 90 days. 9.10% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System grew its stake in shares of Five9 by 4.7% in the 2nd quarter. California Public Employees Retirement System now owns 39,700 shares of the software maker’s stock valued at $854,000 after purchasing an additional 1,800 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Five9 by 3.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,698 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 2,090 shares during the last quarter. American International Group Inc. grew its stake in shares of Five9 by 8.1% in the 3rd quarter. American International Group Inc. now owns 34,953 shares of the software maker’s stock valued at $835,000 after purchasing an additional 2,613 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Five9 by 2.3% in the 4th quarter. Macquarie Group Ltd. now owns 116,420 shares of the software maker’s stock valued at $2,897,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Five9 by 4.1% in the 4th quarter. Swiss National Bank now owns 73,500 shares of the software maker’s stock valued at $1,829,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.
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Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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