Five9 Inc (NASDAQ:FIVN) has been given a consensus rating of “Buy” by the seventeen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $54.00.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Five9 from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a research report on Thursday, May 2nd. Summit Insights raised Five9 from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, Stephens reaffirmed a “hold” rating and set a $53.00 price target on shares of Five9 in a research report on Monday, April 29th.

Shares of NASDAQ FIVN traded up $2.16 during trading on Wednesday, reaching $50.04. 687,800 shares of the stock traded hands, compared to its average volume of 819,540. Five9 has a 52-week low of $31.64 and a 52-week high of $57.90. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. The stock has a market capitalization of $2.88 billion, a PE ratio of 333.60 and a beta of 0.62.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The firm had revenue of $74.54 million for the quarter, compared to analysts’ expectations of $70.81 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, equities analysts expect that Five9 will post -0.03 EPS for the current fiscal year.

In other Five9 news, Director Michael Burkland sold 300,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $49.98, for a total value of $14,994,000.00. Following the transaction, the director now directly owns 101,821 shares in the company, valued at approximately $5,089,013.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Welch sold 1,411 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $55.09, for a total value of $77,731.99. Following the completion of the transaction, the executive vice president now owns 76,328 shares in the company, valued at $4,204,909.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 606,989 shares of company stock worth $30,353,690. 4.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC bought a new position in Five9 in the 4th quarter worth about $30,000. Winslow Evans & Crocker Inc. bought a new position in Five9 in the 1st quarter worth about $30,000. Pearl River Capital LLC bought a new position in Five9 in the 1st quarter worth about $32,000. Mckinley Capital Management LLC Delaware bought a new position in Five9 in the 4th quarter worth about $34,000. Finally, Bank of Montreal Can increased its stake in Five9 by 58.3% in the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock worth $49,000 after acquiring an additional 418 shares during the last quarter.

About Five9

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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