Five9, Inc. (NASDAQ:FIVN) Given Average Rating of “Moderate Buy” by Brokerages

Five9, Inc. (NASDAQ:FIVN) has received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $62.00.

A number of brokerages have recently commented on FIVN. Wells Fargo & Company lowered their price target on Five9 from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Roth Mkm reduced their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Morgan Stanley lowered their price objective on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, August 5th. Finally, Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th.

Five9 Price Performance

Five9 stock opened at $31.48 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The company’s 50-day moving average is $29.38 and its two-hundred day moving average is $39.58. Five9 has a 1 year low of $26.60 and a 1 year high of $92.40.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. As a group, research analysts expect that Five9 will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Five9

In related news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total value of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at $7,673,081.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Daniel P. Burkland sold 2,605 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock worth $1,097,753 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several institutional investors and hedge funds have recently modified their holdings of FIVN. Natixis Advisors LLC bought a new stake in Five9 in the 3rd quarter valued at about $679,000. WCM Investment Management LLC boosted its stake in shares of Five9 by 14.6% in the third quarter. WCM Investment Management LLC now owns 384,592 shares of the software maker’s stock valued at $11,057,000 after buying an additional 48,981 shares during the period. State of New Jersey Common Pension Fund D grew its position in Five9 by 51.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock worth $1,694,000 after buying an additional 20,040 shares in the last quarter. Harvey Capital Management Inc. bought a new position in Five9 during the 3rd quarter worth $1,717,000. Finally, Janney Montgomery Scott LLC acquired a new position in Five9 in the 3rd quarter valued at $811,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Company Profile

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.