Five9, Inc. (FIVN) Earns Buy Rating from Needham & Company LLC
Needham & Company LLC reaffirmed their buy rating on shares of Five9, Inc. (NASDAQ:FIVN) in a research report report published on Friday morning. Needham & Company LLC currently has a $30.00 price objective on the software maker’s stock.
FIVN has been the topic of several other research reports. Northland Securities reiterated a buy rating and issued a $25.00 target price on shares of Five9 in a research note on Friday, September 1st. Zacks Investment Research lowered Five9 from a buy rating to a hold rating in a research note on Wednesday, August 30th. Canaccord Genuity lifted their target price on Five9 from $25.00 to $26.00 and gave the company a buy rating in a research note on Wednesday, September 27th. KeyCorp reiterated a buy rating and issued a $27.00 target price on shares of Five9 in a research note on Friday, September 22nd. Finally, Morgan Stanley restated an equal weight rating and set a $21.00 price target (up previously from $18.00) on shares of Five9 in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, two have issued 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 $24.25.
Shares of Five9 (NASDAQ:FIVN) opened at $25.32 on Friday. Five9 has a 52-week low of $12.58 and a 52-week 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 announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. sell-side analysts predict that Five9 will post -0.19 earnings per share for the current fiscal year.
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In other Five9 news, EVP Scott Welch sold 3,903 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total value of $81,494.64. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,856,363.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Barry Zwarenstein sold 13,024 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $21.25, for a total value of $276,760.00. Following the completion of the sale, the chief financial officer now owns 123,698 shares of the company’s stock, valued at $2,628,582.50. The disclosure for this sale can be found here. Insiders have sold 74,719 shares of company stock valued at $1,658,903 over the last quarter. 9.10% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. American International Group Inc. grew its holdings in shares of Five9 by 7.1% during the 1st quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock worth $335,000 after purchasing an additional 1,349 shares during the period. FMR LLC grew its holdings in shares of Five9 by 60.0% during the 1st quarter. FMR LLC now owns 800,000 shares of the software maker’s stock worth $13,168,000 after purchasing an additional 300,000 shares during the period. Teachers Advisors LLC grew its holdings in shares of Five9 by 9.6% during the 1st quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 15,582 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Five9 by 10.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 237,889 shares of the software maker’s stock worth $3,916,000 after purchasing an additional 21,849 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Five9 by 28.2% during the 1st quarter. Vanguard Group Inc. now owns 2,626,988 shares of the software maker’s stock worth $43,240,000 after purchasing an additional 577,738 shares during the period. Institutional investors own 91.67% of the company’s stock.
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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