Five9 (FIVN) Hits New 1-Year High and Low at $39.02

Five9 Inc (NASDAQ:FIVN)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $39.02 and last traded at $37.86, with a volume of 24749 shares changing hands. The stock had previously closed at $38.42.

A number of equities analysts have recently commented on FIVN shares. SunTrust Banks lifted their target price on shares of Five9 to $34.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 3rd. KeyCorp reaffirmed a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of Five9 in a report on Wednesday, February 21st. Morgan Stanley boosted their price objective on shares of Five9 from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, April 27th. Finally, Needham & Company LLC boosted their price objective on shares of Five9 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and an average target price of $29.00.

The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.20 billion, a PE ratio of -226.41 and a beta of 0.20.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The company had revenue of $58.91 million for the quarter, compared to analysts’ expectations of $55.12 million. Five9 had a negative net margin of 2.04% and a negative return on equity of 13.23%. Five9’s quarterly revenue was up 25.3% compared to the same quarter last year. research analysts anticipate that Five9 Inc will post -0.14 EPS for the current year.

In other Five9 news, CEO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $31.16, for a total transaction of $155,800.00. Following the sale, the chief executive officer now directly owns 192,831 shares in the company, valued at approximately $6,008,613.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Burkland sold 24,496 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $29.05, for a total transaction of $711,608.80. Following the sale, the director now owns 198,586 shares in the company, valued at $5,768,923.30. The disclosure for this sale can be found here. Insiders have sold a total of 116,947 shares of company stock worth $3,973,119 over the last 90 days. Insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FIVN. Alkeon Capital Management LLC purchased a new stake in shares of Five9 during the 1st quarter worth $22,938,000. Shell Asset Management Co. purchased a new stake in shares of Five9 during the 4th quarter worth $9,496,000. Loomis Sayles & Co. L P boosted its position in shares of Five9 by 43.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,130,995 shares of the software maker’s stock worth $33,692,000 after purchasing an additional 343,399 shares in the last quarter. Penn Capital Management Co. Inc. purchased a new stake in shares of Five9 in the 1st quarter worth about $9,812,000. Finally, Intrinsic Edge Capital Management LLC boosted its position in shares of Five9 by 137.4% in the 1st quarter. Intrinsic Edge Capital Management LLC now owns 552,363 shares of the software maker’s stock worth $16,455,000 after buying an additional 319,715 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Five9 Company Profile

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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