Five9 (NASDAQ:FIVN) Receives “Buy” Rating from Needham & Company LLC

Five9 (NASDAQ:FIVN)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They currently have a $52.00 target price on the software maker’s stock. Needham & Company LLC’s target price would indicate a potential upside of 24.73% from the company’s previous close.

FIVN has been the subject of a number of other research reports. Barclays increased their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. 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 note on Wednesday, December 18th. Cantor Fitzgerald assumed coverage on shares of Five9 in a report on Friday, January 17th. They issued an “overweight” rating and a $46.00 target price on the stock. Piper Sandler upped their target price on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.22.

Five9 Price Performance

NASDAQ:FIVN opened at $41.69 on Friday. Five9 has a one year low of $26.60 and a one year high of $71.43. The stock has a market cap of $3.14 billion, a P/E ratio of -83.38, a PEG ratio of 9.44 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company has a fifty day moving average price of $40.57 and a 200 day moving average price of $35.89.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data 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). Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. Analysts anticipate that Five9 will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % 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 valued at $1,209,279 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its stake in shares of Five9 by 1,892.3% in the 3rd 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 last quarter. Lindbrook Capital LLC raised its position in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Five9 in the 4th quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Five9 in the 4th quarter valued at approximately $47,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares during the period. Institutional investors own 96.64% of the company’s stock.

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.