Five9’s (FIVN) “Hold” Rating Reaffirmed at Stephens

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Five9 (NASDAQ:FIVN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stephens in a report issued on Tuesday. They presently have a $48.00 target price on the software maker’s stock. Stephens’ price target would indicate a potential downside of 6.74% from the company’s current price.

Other research analysts have also issued research reports about the company. BidaskClub upgraded Five9 from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 10th. Morgan Stanley upgraded Five9 from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $37.00 to $54.00 in a research report on Monday, January 7th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, January 1st. JPMorgan Chase & Co. lowered Five9 from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 13th. Finally, Roth Capital boosted their price objective on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.29.

Shares of FIVN opened at $51.47 on Tuesday. The company has a market capitalization of $3.19 billion, a PE ratio of 387.93, a PEG ratio of 123.43 and a beta of 0.64. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56. Five9 has a 52 week low of $26.64 and a 52 week high of $57.90.

Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of $0.01 by $0.10. The company had revenue of $72.34 million during the quarter, compared to analyst estimates of $66.53 million. Five9 had a positive return on equity of 7.75% and a negative net margin of 0.09%. Equities analysts expect that Five9 will post 0.04 earnings per share for the current year.

In other Five9 news, CFO Barry Zwarenstein sold 12,913 shares of Five9 stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $42.35, for a total transaction of $546,865.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott Welch sold 1,032 shares of Five9 stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $37.74, for a total value of $38,947.68. Following the sale, the executive vice president now directly owns 77,993 shares in the company, valued at approximately $2,943,455.82. The disclosure for this sale can be found here. Insiders have sold a total of 97,380 shares of company stock worth $4,227,588 in the last ninety days. 5.10% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC bought a new stake in Five9 during the 4th quarter valued at $30,000. Mckinley Capital Management LLC Delaware bought a new stake in Five9 during the 4th quarter valued at $34,000. Private Capital Group LLC raised its stake in Five9 by 263.4% during the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares in the last quarter. Bank of Montreal Can raised its stake in Five9 by 58.3% during the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares in the last quarter. Finally, Strs Ohio raised its stake in Five9 by 112.5% during the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares in the last quarter. 97.80% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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