Five9’s (FIVN) Outperform Rating Reaffirmed at William Blair

William Blair restated their outperform rating on shares of Five9 (NASDAQ:FIVN) in a report issued on Friday,RTT News reports.

Several other analysts also recently weighed in on FIVN. Rosenblatt Securities upped their price target on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. DA Davidson upped their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their price objective on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average target price of $59.22.

Five9 Stock Performance

Shares of FIVN stock opened at $42.09 on Friday. The company’s fifty day moving average price is $40.57 and its 200-day moving average price is $35.89. The stock has a market cap of $3.17 billion, a PE ratio of -84.18, a price-to-earnings-growth ratio of 9.44 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 12 month low of $26.60 and a 12 month high of $65.71.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.70 million. Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. On average, equities analysts expect that Five9 will post 0.11 EPS for the current fiscal year.

Insider Transactions at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the sale, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at approximately $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 3,336 shares of Five9 stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $139,611.60. Following the transaction, the chief financial officer now owns 98,396 shares in the company, valued at $4,117,872.60. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the period. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 during the 4th quarter valued at approximately $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter worth approximately $47,000. Finally, Steward Partners Investment Advisory LLC raised its stake in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,315 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.