Five9 (FIVN) Lowered to “Buy” at BidaskClub

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.

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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.

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About Five9

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.

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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