KeyCorp reissued their equal weight rating on shares of Five9 (NASDAQ:FIVN) in a research note issued to investors on Thursday.
FIVN has been the topic of a number of other research reports. SunTrust Banks initiated coverage on Five9 in a research report on Wednesday, January 31st. They issued a buy rating and a $30.00 target price on the stock. BidaskClub raised Five9 from a buy rating to a strong-buy rating in a research report on Saturday, March 3rd. Zacks Investment Research downgraded Five9 from a buy rating to a hold rating in a research report on Tuesday, January 9th. Canaccord Genuity reaffirmed a buy rating and issued a $31.00 target price on shares of Five9 in a research report on Friday, February 23rd. Finally, Bank of America lifted their target price on Five9 from $16.00 to $19.00 and gave the company an underperform rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Five9 has an average rating of Buy and a consensus price target of $26.60.
Shares of FIVN stock opened at $31.30 on Thursday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1,775.80, a PE ratio of -195.63 and a beta of 0.08. Five9 has a 12-month low of $15.91 and a 12-month high of $32.47.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $55.40 million for the quarter, compared to the consensus estimate of $52.31 million. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. research analysts expect that Five9 will post -0.15 EPS for the current year.
In other Five9 news, President Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $24.36, for a total transaction of $243,600.00. Following the transaction, the president now owns 168,291 shares of the company’s stock, valued at $4,099,568.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Daniel P. Burkland sold 3,867 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $31.08, for a total value of $120,186.36. Following the transaction, the president now directly owns 164,424 shares in the company, valued at approximately $5,110,297.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 660,455 shares of company stock worth $19,102,511. Company insiders own 9.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FIVN. State Street Corp increased its position in Five9 by 49.3% during the second quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after buying an additional 293,067 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Five9 by 42.0% during the second quarter. California State Teachers Retirement System now owns 92,400 shares of the software maker’s stock worth $1,988,000 after acquiring an additional 27,334 shares during the period. American Century Companies Inc. boosted its holdings in shares of Five9 by 16.3% during the third quarter. American Century Companies Inc. now owns 289,341 shares of the software maker’s stock worth $6,915,000 after acquiring an additional 40,482 shares during the period. Sei Investments Co. boosted its holdings in shares of Five9 by 44.7% during the third quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock worth $461,000 after acquiring an additional 5,961 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Five9 by 32.9% during the third quarter. New York State Common Retirement Fund now owns 159,501 shares of the software maker’s stock worth $3,812,000 after acquiring an additional 39,455 shares during the period. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
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Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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