FIVN has been the subject of a number of other research reports. SunTrust Banks started coverage on Five9 in a research report on Wednesday, January 31st. They set a buy rating and a $30.00 price target for the company. BidaskClub raised Five9 from a buy rating to a strong-buy rating in a research report on Saturday, March 3rd. Zacks Investment Research downgraded Five9 from a buy rating to a hold rating in a research report on Tuesday, January 9th. Canaccord Genuity reiterated a buy rating and set a $31.00 price objective on shares of Five9 in a research note on Friday, February 23rd. Finally, Bank of America upped their price objective on Five9 from $16.00 to $19.00 and gave the stock an underperform rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Five9 currently has a consensus rating of Buy and a consensus target price of $26.60.
Five9 (NASDAQ:FIVN) traded up $0.30 during trading hours on Thursday, reaching $31.25. The company’s stock had a trading volume of 158,876 shares, compared to its average volume of 423,393. Five9 has a 52-week low of $15.91 and a 52-week high of $32.47. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1,741.76, a P/E ratio of -193.44 and a beta of 0.08.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The firm had revenue of $55.40 million during the quarter, compared to the consensus estimate of $52.31 million. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. research analysts forecast that Five9 will post -0.15 EPS for the current year.
In other news, EVP Gaurav Passi sold 1,347 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $31.35, for a total transaction of $42,228.45. Following the sale, the executive vice president now owns 95,894 shares in the company, valued at approximately $3,006,276.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott Welch sold 3,903 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $27.13, for a total value of $105,888.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 636,455 shares of company stock worth $18,361,151. Company insiders own 9.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in Five9 by 49.3% in the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after acquiring an additional 293,067 shares during the period. California State Teachers Retirement System raised its stake in Five9 by 42.0% in the 2nd quarter. California State Teachers Retirement System now owns 92,400 shares of the software maker’s stock valued at $1,988,000 after acquiring an additional 27,334 shares during the period. American Century Companies Inc. raised its stake in Five9 by 16.3% in the 3rd quarter. American Century Companies Inc. now owns 289,341 shares of the software maker’s stock valued at $6,915,000 after acquiring an additional 40,482 shares during the period. Sei Investments Co. raised its stake in Five9 by 44.7% in the 3rd quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock valued at $461,000 after acquiring an additional 5,961 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Five9 by 32.9% in the 3rd quarter. New York State Common Retirement Fund now owns 159,501 shares of the software maker’s stock valued at $3,812,000 after acquiring an additional 39,455 shares during the period. Institutional investors own 92.66% 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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