Five9 (FIVN) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Five9 (NASDAQ:FIVN) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley upped their price target on Five9 from $21.00 to $23.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Needham & Company LLC reaffirmed a buy rating and issued a $30.00 price target on shares of Five9 in a research note on Friday, November 10th. Zacks Investment Research raised Five9 from a hold rating to a buy rating and set a $28.00 price target on the stock in a research note on Monday, November 13th. Barclays cut Five9 from an overweight rating to an equal weight rating and set a $27.00 price target on the stock. in a research note on Monday, January 8th. Finally, KeyCorp reaffirmed a buy rating and issued a $27.00 price target on shares of Five9 in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $26.89.

Five9 (NASDAQ FIVN) opened at $25.21 on Tuesday. Five9 has a 12 month low of $15.43 and a 12 month 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 issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The company had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The firm’s revenue was up 22.2% on a year-over-year basis. analysts predict that Five9 will post -0.18 earnings per share for the current year.

In other Five9 news, CEO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total value of $129,000.00. Following the sale, the chief executive officer now directly owns 162,760 shares of the company’s stock, valued at $4,199,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Welch sold 11,892 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $23.58, for a total value of $280,413.36. Following the completion of the sale, the executive vice president now directly owns 112,484 shares in the company, valued at $2,652,372.72. The disclosure for this sale can be found here. Insiders sold 875,877 shares of company stock worth $21,186,320 over the last three months. Corporate insiders own 9.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. bought a new stake in Five9 in the fourth quarter worth $157,000. Envestnet Asset Management Inc. bought a new stake in Five9 in the third quarter worth $195,000. Janney Montgomery Scott LLC bought a new stake in Five9 in the third quarter worth $211,000. Tudor Investment Corp ET AL bought a new stake in Five9 in the second quarter worth $202,000. Finally, Principal Financial Group Inc. bought a new stake in Five9 in the second quarter worth $219,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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