Needham & Company LLC initiated coverage on shares of Five9 (NASDAQ:FIVN) in a report released on Friday morning, Stock Target Advisor reports. The firm issued a buy rating and a $70.00 price target on the software maker’s stock.
A number of other equities analysts also recently commented on the stock. BidaskClub upgraded shares of Five9 from a hold rating to a buy rating in a research note on Thursday. Guggenheim began coverage on shares of Five9 in a research note on Thursday, September 26th. They set a buy rating and a $70.00 price objective for the company. SunTrust Banks increased their price objective on shares of Five9 to $66.00 and gave the stock a buy rating in a research note on Thursday, August 1st. KeyCorp restated a hold rating on shares of Five9 in a research note on Wednesday, July 31st. Finally, Roth Capital increased their price objective on shares of Five9 from $62.00 to $70.00 and gave the stock a buy rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $64.46.
Shares of Five9 stock traded down $0.61 during trading hours on Friday, reaching $64.80. 534,900 shares of the company’s stock were exchanged, compared to its average volume of 797,681. The company has a 50 day moving average of $56.80 and a two-hundred day moving average of $54.80. Five9 has a fifty-two week low of $35.37 and a fifty-two week high of $66.13. The company has a current ratio of 6.09, a quick ratio of 6.09 and a debt-to-equity ratio of 1.19. The stock has a market cap of $3.87 billion, a P/E ratio of 432.00, a P/E/G ratio of 59.74 and a beta of 0.66.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Five9 had a negative net margin of 0.54% and a positive return on equity of 7.91%. The company had revenue of $83.77 million during the quarter, compared to the consensus estimate of $78.69 million. During the same period in the prior year, the business posted $0.18 EPS. The company’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, analysts expect that Five9 will post 0.11 earnings per share for the current fiscal year.
In other news, President Daniel P. Burkland sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the sale, the president now directly owns 175,123 shares of the company’s stock, valued at approximately $11,002,978.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Welch sold 17,348 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $62.06, for a total transaction of $1,076,616.88. Following the completion of the sale, the executive vice president now directly owns 66,337 shares in the company, valued at $4,116,874.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,837 shares of company stock worth $11,020,588. 4.90% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Five9 by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,934,061 shares of the software maker’s stock valued at $355,649,000 after purchasing an additional 93,246 shares during the period. Sylebra Capital Ltd raised its holdings in shares of Five9 by 0.3% in the 2nd quarter. Sylebra Capital Ltd now owns 2,057,330 shares of the software maker’s stock valued at $105,520,000 after purchasing an additional 6,591 shares during the period. Tremblant Capital Group raised its holdings in shares of Five9 by 26.5% in the 2nd quarter. Tremblant Capital Group now owns 940,677 shares of the software maker’s stock valued at $48,247,000 after purchasing an additional 197,062 shares during the period. Northern Trust Corp raised its holdings in shares of Five9 by 3.4% in the 2nd quarter. Northern Trust Corp now owns 884,167 shares of the software maker’s stock valued at $45,349,000 after purchasing an additional 28,862 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of Five9 in the 2nd quarter valued at about $44,653,000.
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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