Five9 (NASDAQ:FIVN) had its target price raised by Roth Capital from $45.00 to $55.00 in a report released on Wednesday morning, The Fly reports. They currently have a buy rating on the software maker’s stock.
Several other research analysts also recently commented on the stock. Bank of America lifted their target price on shares of Five9 from $21.00 to $25.00 and gave the stock an underperform rating in a research note on Tuesday, August 7th. BidaskClub downgraded shares of Five9 from a buy rating to a hold rating in a research note on Wednesday, August 1st. Zacks Investment Research downgraded shares of Five9 from a strong-buy rating to a hold rating in a research note on Tuesday, September 25th. Dougherty & Co initiated coverage on shares of Five9 in a research note on Tuesday, October 16th. They issued a hold rating on the stock. Finally, Needham & Company LLC lifted their target price on shares of Five9 from $38.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Five9 currently has an average rating of Hold and an average price target of $40.92.
Shares of FIVN traded down $1.41 during mid-day trading on Wednesday, reaching $42.51. The company’s stock had a trading volume of 874,870 shares, compared to its average volume of 720,770. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -250.06 and a beta of 0.59. The company has a debt-to-equity ratio of 1.56, a quick ratio of 6.96 and a current ratio of 6.95. Five9 has a 52 week low of $22.51 and a 52 week high of $49.50.
Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The company had revenue of $65.30 million for the quarter, compared to the consensus estimate of $61.70 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. As a group, equities research analysts predict that Five9 will post -0.05 earnings per share for the current year.
In other Five9 news, EVP Scott Welch sold 1,750 shares of the business’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $37.99, for a total transaction of $66,482.50. Following the transaction, the executive vice president now directly owns 78,711 shares of the company’s stock, valued at approximately $2,990,230.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 10,000 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the transaction, the chief financial officer now directly owns 128,098 shares in the company, valued at $6,052,630.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,708 shares of company stock worth $4,296,448. Insiders own 5.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of FIVN. Mount Yale Investment Advisors LLC purchased a new position in Five9 during the 2nd quarter valued at $110,000. Great West Life Assurance Co. Can grew its position in shares of Five9 by 81.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock worth $187,000 after buying an additional 2,419 shares during the period. Atria Investments LLC purchased a new stake in shares of Five9 in the 2nd quarter worth about $214,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Five9 in the 2nd quarter worth about $214,000. Finally, Mirador Capital Partners LP purchased a new stake in shares of Five9 in the 2nd quarter worth about $234,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.
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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