Five9 (FIVN) Downgraded by BidaskClub to “Hold”

BidaskClub cut shares of Five9 (NASDAQ:FIVN) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other equities analysts have also weighed in on FIVN. Canaccord Genuity upped their price objective on shares of Five9 from $23.00 to $25.00 and gave the company a buy rating in a report on Friday, August 4th. Needham & Company LLC restated a buy rating and issued a $26.00 target price (up previously from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Five9 from a buy rating to a hold rating in a report on Wednesday, August 30th. Northland Securities restated a buy rating and issued a $25.00 target price on shares of Five9 in a report on Friday, September 1st. Finally, KeyCorp restated a buy rating and issued a $27.00 target price on shares of Five9 in a report on Friday, September 22nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $26.43.

Five9 (FIVN) opened at $22.96 on Friday. Five9 has a fifty-two week low of $12.58 and a fifty-two week high of $27.81. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The firm had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. sell-side analysts forecast that Five9 will post -0.18 earnings per share for the current year.

In other news, President Daniel P. Burkland sold 5,623 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $23.70, for a total transaction of $133,265.10. Following the completion of the transaction, the president now directly owns 130,813 shares of the company’s stock, valued at approximately $3,100,268.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barry Zwarenstein sold 3,073 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $23.79, for a total transaction of $73,106.67. Following the transaction, the chief executive officer now directly owns 121,368 shares of the company’s stock, valued at $2,887,344.72. The disclosure for this sale can be found here. Insiders sold a total of 828,877 shares of company stock valued at $20,048,350 over the last ninety days. 9.10% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in FIVN. AXA boosted its holdings in Five9 by 11.9% in the 3rd quarter. AXA now owns 277,793 shares of the software maker’s stock worth $6,639,000 after buying an additional 29,500 shares during the period. Neuberger Berman Group LLC bought a new position in Five9 in the 3rd quarter worth approximately $1,087,000. California Public Employees Retirement System boosted its holdings in Five9 by 14.3% in the 3rd quarter. California Public Employees Retirement System now owns 45,378 shares of the software maker’s stock worth $1,085,000 after buying an additional 5,678 shares during the period. Janney Montgomery Scott LLC bought a new position in Five9 in the 3rd quarter worth approximately $211,000. Finally, Tremblant Capital Group bought a new position in Five9 in the 3rd quarter worth approximately $19,544,000. 93.55% of the stock is owned by hedge funds and other institutional investors.

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About Five9

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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