Five9 (FIVN) Reaches New 12-Month High at $53.66

Five9 Inc (NASDAQ:FIVN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.66 and last traded at $52.71, with a volume of 5946 shares traded. The stock had previously closed at $52.92.

Several research firms have recently issued reports on FIVN. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 10th. JPMorgan Chase & Co. lowered Five9 from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 13th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, January 1st. Roth Capital boosted their target price on Five9 from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, Bank of America boosted their target price on Five9 from $25.00 to $28.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.54.

The company has a market cap of $3.11 billion, a PE ratio of -307.00, a PEG ratio of 120.27 and a beta of 0.64. The company has a debt-to-equity ratio of 1.56, a current ratio of 6.95 and a quick ratio of 6.95.

In other Five9 news, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $39.82, for a total transaction of $56,225.84. Following the completion of the sale, the executive vice president now directly owns 78,373 shares in the company, valued at approximately $3,120,812.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $36.68, for a total value of $550,200.00. Following the transaction, the president now owns 164,492 shares of the company’s stock, valued at $6,033,566.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,792 shares of company stock valued at $4,834,014. Corporate insiders own 5.10% of the company’s stock.

Several large investors have recently made changes to their positions in FIVN. Vanguard Group Inc. grew its stake in shares of Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after acquiring an additional 1,026,191 shares during the period. Vanguard Group Inc grew its stake in shares of Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after acquiring an additional 1,026,191 shares during the period. Sylebra HK Co Ltd grew its stake in shares of Five9 by 107.9% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock valued at $64,031,000 after acquiring an additional 760,804 shares during the period. Wasatch Advisors Inc. grew its stake in shares of Five9 by 510.9% during the 3rd quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after acquiring an additional 746,394 shares during the period. Finally, Conestoga Capital Advisors LLC bought a new position in shares of Five9 during the 4th quarter valued at approximately $21,064,000. Institutional investors own 97.80% of the company’s stock.

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About Five9 (NASDAQ:FIVN)

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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