Five9 (NASDAQ:FIVN) PT Raised to $70.00

Five9 (NASDAQ:FIVN) had its target price boosted by Roth Capital from $62.00 to $70.00 in a research note issued to investors on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other research firms have also recently weighed in on FIVN. Canaccord Genuity restated a buy rating and set a $70.00 price objective (up previously from $65.00) on shares of Five9 in a research report on Wednesday. Zacks Investment Research raised shares of Five9 from a hold rating to a strong-buy rating and set a $62.00 target price on the stock in a report on Wednesday, October 2nd. Guggenheim initiated coverage on shares of Five9 in a report on Thursday, September 26th. They set a buy rating and a $70.00 target price on the stock. KeyCorp reaffirmed a hold rating on shares of Five9 in a report on Wednesday, July 31st. Finally, SunTrust Banks increased their target price on shares of Five9 to $66.00 and gave the company a buy rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $63.46.

Shares of Five9 stock traded up $0.29 on Wednesday, reaching $60.66. 393,300 shares of the company traded hands, compared to its average volume of 804,117. The company has a 50 day moving average of $55.56 and a 200 day moving average of $54.28. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.41 and a quick ratio of 6.41. The firm has a market capitalization of $3.36 billion, a PE ratio of 404.40, a PEG ratio of 138.57 and a beta of 0.66. Five9 has a 52 week low of $35.37 and a 52 week high of $65.45.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $78.69 million. Five9 had a negative net margin of 0.54% and a positive return on equity of 8.23%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. As a group, analysts anticipate that Five9 will post 0.04 earnings per share for the current year.

In other Five9 news, Director Michael Burkland sold 27,200 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $61.64, for a total value of $1,676,608.00. Following the sale, the director now owns 68,822 shares of the company’s stock, valued at approximately $4,242,188.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $62.83, for a total transaction of $942,450.00. Following the completion of the sale, the president now directly owns 175,123 shares in the company, valued at approximately $11,002,978.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,448 shares of company stock worth $10,890,414. 4.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in FIVN. Cortina Asset Management LLC grew its holdings in Five9 by 19.6% in the 2nd quarter. Cortina Asset Management LLC now owns 411,241 shares of the software maker’s stock worth $21,093,000 after acquiring an additional 67,324 shares during the last quarter. Dorsey Wright & Associates grew its holdings in Five9 by 33.3% in the 2nd quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock worth $40,000 after acquiring an additional 197 shares during the last quarter. Riverbridge Partners LLC bought a new stake in Five9 in the 2nd quarter worth $28,158,000. NEXT Financial Group Inc bought a new stake in Five9 in the 2nd quarter worth $39,000. Finally, Juncture Wealth Strategies LLC grew its holdings in Five9 by 7.8% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 12,851 shares of the software maker’s stock worth $659,000 after acquiring an additional 935 shares during the last quarter.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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