Five9’s (FIVN) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a research report report published on Tuesday,Benzinga reports. Needham & Company LLC currently has a $52.00 price target on the software maker’s stock.

Other analysts also recently issued research reports about the company. Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley upped their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald initiated coverage on shares of Five9 in a report on Friday, January 17th. They set an “overweight” rating and a $46.00 target price for the company. Robert W. Baird increased their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Piper Sandler lifted their price objective on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average price target of $57.50.

Five9 Stock Down 1.5 %

Shares of FIVN stock opened at $39.13 on Tuesday. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $80.39. The firm has a market capitalization of $2.94 billion, a PE ratio of -78.26, a P/E/G ratio of 8.93 and a beta of 0.92. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day simple moving average is $40.43 and its 200-day simple moving average is $36.25.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.43). The business had revenue of $264.18 million during the quarter, compared to analyst estimates of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same quarter in the previous year, the company earned ($0.21) EPS. Equities analysts expect that Five9 will post 0.11 earnings per share for the current year.

Insider Activity at Five9

In other news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,004 shares of company stock worth $1,209,279. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FIVN. Signaturefd LLC boosted its stake in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after acquiring an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 in the 2nd quarter valued at about $57,000. FNY Investment Advisers LLC boosted its position in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after purchasing an additional 2,485 shares during the period. Quest Partners LLC purchased a new position in Five9 during the 3rd quarter worth approximately $95,000. Finally, KBC Group NV increased its position in Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after buying an additional 1,113 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.