Five9’s (FIVN) “Buy” Rating Reaffirmed at Needham & Company LLC

Five9 (NASDAQ:FIVN)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They currently have a $52.00 price objective on the software maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 23.54% from the stock’s current price.

Several other analysts have also recently weighed in on FIVN. Morgan Stanley lifted their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Rosenblatt Securities lifted their price target on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Barclays lifted their price target on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday. Finally, DA Davidson lifted their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $57.65.

Five9 Stock Performance

Shares of NASDAQ FIVN opened at $42.09 on Friday. 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. The stock has a 50 day moving average of $40.57 and a 200-day moving average of $35.88. The company has a market capitalization of $3.17 billion, a P/E ratio of -210.44, a P/E/G ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, equities research analysts predict that Five9 will post 0.28 EPS for the current year.

Insider Activity

In other news, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares in the company, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the transaction, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,004 shares of company stock worth $1,209,279. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its position in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares during the last quarter. Lindbrook Capital LLC grew its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new stake in Five9 during the 4th quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in Five9 during the 4th quarter worth $47,000. Finally, Steward Partners Investment Advisory LLC grew its position 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 last quarter. 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.