Five9 (FIVN) Stock Rating Lowered by Barclays

Barclays lowered shares of Five9 (NASDAQ:FIVN) from an overweight rating to an equal weight rating in a report issued on Monday morning, Marketbeat reports. Barclays currently has $27.00 target price on the software maker’s stock.

Other analysts also recently issued research reports about the company. TheStreet raised Five9 from a d rating to a c- rating in a research note on Tuesday, November 21st. Needham & Company LLC reissued a buy rating and issued a $30.00 price target on shares of Five9 in a research note on Friday, November 10th. KeyCorp reissued an overweight rating and issued a $29.00 price target (up previously from $27.00) on shares of Five9 in a research note on Wednesday, November 8th. Northland Securities reissued a buy rating and issued a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Finally, Morgan Stanley lifted their price target on Five9 from $21.00 to $23.00 and gave the company an equal weight rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $26.50.

Five9 (NASDAQ:FIVN) traded up $0.23 on Monday, hitting $23.11. The company’s stock had a trading volume of 357,296 shares, compared to its average volume of 484,283. Five9 has a 1 year low of $15.27 and a 1 year high of $27.81. The firm has a market cap of $1,280.00, a P/E ratio of -154.07 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

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

In other news, CEO Michael Burkland sold 600,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $24.05, for a total value of $14,430,000.00. Following the completion of the transaction, the chief executive officer now owns 1,194,161 shares in the company, valued at approximately $28,719,572.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Barry Zwarenstein sold 3,073 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.79, for a total value of $73,106.67. Following the completion of the transaction, the chief executive officer now owns 121,368 shares of the company’s stock, valued at approximately $2,887,344.72. The disclosure for this sale can be found here. Insiders sold a total of 846,877 shares of company stock valued at $20,492,200 in the last 90 days. 9.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Five9 by 25.5% during the second quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after purchasing an additional 670,939 shares during the period. Renaissance Technologies LLC grew its holdings in Five9 by 6.7% during the second quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock worth $45,485,000 after purchasing an additional 132,100 shares during the period. Wells Fargo & Company MN grew its holdings in Five9 by 31.4% during the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after purchasing an additional 366,166 shares during the period. Whale Rock Capital Management LLC bought a new position in Five9 during the second quarter worth about $21,296,000. Finally, FMR LLC grew its holdings in Five9 by 19.6% during the second quarter. FMR LLC now owns 956,737 shares of the software maker’s stock worth $20,589,000 after purchasing an additional 156,737 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

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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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