BidaskClub downgraded shares of Five9 (NASDAQ:FIVN) from a strong-buy rating to a buy rating in a research report released on Friday, April 6th.
A number of other research analysts have also weighed in on FIVN. SunTrust Banks initiated coverage on Five9 in a research report on Wednesday, January 31st. They set a buy rating and a $30.00 price objective for the company. Barclays lowered Five9 from an overweight rating to an equal weight rating and set a $27.00 target price for the company. in a report on Monday, January 8th. Zacks Investment Research lowered Five9 from a buy rating to a hold rating in a report on Tuesday, January 9th. KeyCorp reissued a buy rating and issued a $30.00 target price (up previously from $29.00) on shares of Five9 in a report on Wednesday, February 21st. Finally, Canaccord Genuity restated a buy rating and issued a $31.00 price target on shares of Five9 in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Five9 has a consensus rating of Buy and a consensus price target of $26.60.
Shares of FIVN stock opened at $28.08 on Friday. Five9 has a 1-year low of $16.45 and a 1-year high of $32.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.35 and a current ratio of 2.35.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data 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. The business had revenue of $55.40 million during the quarter, compared to analysts’ expectations of $52.31 million. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. equities analysts expect that Five9 will post -0.15 EPS for the current year.
In related news, CEO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total value of $129,000.00. Following the completion of the sale, the chief executive officer now owns 162,760 shares in the company, valued at $4,199,208. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Welch sold 3,903 shares of the company’s stock in a transaction 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. Insiders sold 674,951 shares of company stock valued at $19,603,720 in the last quarter. 5.10% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of FIVN. Sei Investments Co. increased its position in shares of Five9 by 44.7% during the third quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock worth $461,000 after purchasing an additional 5,961 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Five9 by 32.9% during the third quarter. New York State Common Retirement Fund now owns 159,501 shares of the software maker’s stock worth $3,812,000 after purchasing an additional 39,455 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Five9 by 26.3% during the third quarter. Bank of New York Mellon Corp now owns 315,984 shares of the software maker’s stock worth $7,551,000 after purchasing an additional 65,798 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Five9 by 32.4% during the third quarter. Ameriprise Financial Inc. now owns 428,389 shares of the software maker’s stock worth $10,238,000 after purchasing an additional 104,714 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Five9 by 8.1% during the third quarter. American International Group Inc. now owns 34,953 shares of the software maker’s stock worth $835,000 after purchasing an additional 2,613 shares in the last quarter. 91.20% of the stock is currently owned by institutional investors and hedge funds.
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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