William Blair Reiterates Outperform Rating for Five9 (NASDAQ:FIVN)

William Blair reiterated their outperform rating on shares of Five9 (NASDAQ:FIVN) in a report published on Friday,RTT News reports.

Several other equities research analysts also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Five9 in a report on Friday. Cantor Fitzgerald increased their price objective on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a report on Friday. Barclays increased their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler increased their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley increased their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

Five9 Stock Performance

Shares of Five9 stock opened at $42.09 on Friday. The firm 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 has a 52 week low of $26.60 and a 52 week high of $65.71. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm’s 50 day moving average is $40.57 and its two-hundred day moving average is $35.84.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Research analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In other news, COO Andy Dignan sold 4,109 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the executive vice president now owns 69,009 shares of the company’s stock, valued at approximately $2,904,588.81. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is owned by company insiders.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after purchasing an additional 259,820 shares in the last quarter. Sylebra Capital LLC boosted its stake in Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after buying an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after buying an additional 1,867,137 shares during the last quarter. Norges Bank acquired a new position in shares of Five9 in the 4th quarter valued at about $81,280,000. Finally, Wellington Management Group LLP lifted its stake in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after purchasing an additional 601,348 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.