Five9 (FIVN) Now Covered by Dougherty & Co

Equities research analysts at Dougherty & Co initiated coverage on shares of Five9 (NASDAQ:FIVN) in a report issued on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.

A number of other analysts have also recently commented on FIVN. BidaskClub cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Stifel Nicolaus upped their price target on shares of Five9 from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, August 7th. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price target (up previously from $34.00) on shares of Five9 in a research report on Tuesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Five9 in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.36.

Shares of Five9 stock opened at $39.91 on Tuesday. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $2.55 billion, a P/E ratio of -234.76 and a beta of 0.40. Five9 has a twelve month low of $22.51 and a twelve month high of $49.50.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. The business had revenue of $61.12 million for the quarter, compared to analysts’ expectations of $56.42 million. Five9 had a negative net margin of 1.04% and a negative return on equity of 3.56%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, sell-side analysts predict that Five9 will post -0.06 earnings per share for the current fiscal year.

In other news, CFO Barry Zwarenstein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $35.55, for a total transaction of $355,500.00. Following the transaction, the chief financial officer now owns 118,098 shares in the company, valued at $4,198,383.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gaurav Passi sold 979 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $34.45, for a total transaction of $33,726.55. Following the transaction, the executive vice president now owns 84,567 shares in the company, valued at approximately $2,913,333.15. The disclosure for this sale can be found here. Insiders have sold 91,526 shares of company stock worth $4,062,744 in the last quarter. Company insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FIVN. Northern Trust Corp raised its holdings in shares of Five9 by 2.2% during the first quarter. Northern Trust Corp now owns 713,010 shares of the software maker’s stock valued at $21,240,000 after purchasing an additional 15,012 shares during the period. Citigroup Inc. raised its holdings in shares of Five9 by 554.2% during the first quarter. Citigroup Inc. now owns 7,870 shares of the software maker’s stock valued at $235,000 after purchasing an additional 6,667 shares during the period. Sei Investments Co. raised its holdings in shares of Five9 by 15.3% during the first quarter. Sei Investments Co. now owns 21,601 shares of the software maker’s stock valued at $644,000 after purchasing an additional 2,864 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Five9 by 49.3% during the first quarter. The Manufacturers Life Insurance Company now owns 269,313 shares of the software maker’s stock valued at $8,022,000 after purchasing an additional 88,968 shares during the period. Finally, Barclays PLC raised its holdings in shares of Five9 by 85.6% during the first quarter. Barclays PLC now owns 17,721 shares of the software maker’s stock valued at $528,000 after purchasing an additional 8,175 shares during the period. Hedge funds and other institutional investors own 96.28% of the company’s stock.

About Five9

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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