Five9 (NASDAQ:FIVN) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a research report sent to investors on Friday, Benzinga reports. They currently have a $80.00 price target on the software maker’s stock.

Other research analysts have also issued reports about the company. Barclays dropped their price target on Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a research report on Thursday, February 22nd. Morgan Stanley reduced their price target on shares of Five9 from $80.00 to $70.00 and set an equal weight rating for the company in a research report on Wednesday, April 17th. KeyCorp decreased their price target on shares of Five9 from $93.00 to $86.00 and set an overweight rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada began coverage on shares of Five9 in a research note on Friday, March 15th. They issued an outperform rating and a $80.00 price objective on the stock. Finally, Piper Sandler lifted their target price on shares of Five9 from $84.00 to $86.00 and gave the company an overweight rating in a research note on Friday, January 12th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $84.88.

Five9 Price Performance

FIVN stock opened at $55.69 on Friday. Five9 has a one year low of $51.01 and a one year high of $92.40. The firm has a 50-day moving average of $59.83 and a two-hundred day moving average of $68.49. The firm has a market capitalization of $4.11 billion, a PE ratio of -65.52 and a beta of 0.85. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The business had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. On average, analysts forecast that Five9 will post -0.42 earnings per share for the current year.

Insider Activity

In related news, COO Andy Dignan sold 7,340 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its position in shares of Five9 by 12.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,329 shares of the software maker’s stock worth $343,000 after acquiring an additional 591 shares during the period. TD Asset Management Inc increased its holdings in Five9 by 2.4% in the 3rd quarter. TD Asset Management Inc now owns 51,604 shares of the software maker’s stock valued at $3,318,000 after buying an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Five9 by 8.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 352,904 shares of the software maker’s stock valued at $22,692,000 after buying an additional 27,329 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Five9 by 0.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 139,258 shares of the software maker’s stock worth $8,954,000 after acquiring an additional 892 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Five9 by 15.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after acquiring an additional 452 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.