Needham & Company LLC assumed coverage on shares of Five9 (NASDAQ:FIVN) in a research report report published on Friday morning, Stock Target Advisor reports. The firm issued a buy rating and a $70.00 target price on the software maker’s stock.

A number of other analysts also recently weighed in on FIVN. SunTrust Banks upped their target price on Five9 to $66.00 and gave the company a buy rating in a research report on Thursday, August 1st. BidaskClub upgraded Five9 from a hold rating to a buy rating in a research report on Thursday, November 14th. Guggenheim initiated coverage on Five9 in a research report on Thursday, September 26th. They set a buy rating and a $70.00 target price for the company. Canaccord Genuity restated a buy rating and set a $70.00 price objective (up from $65.00) on shares of Five9 in a research report on Wednesday, November 6th. Finally, Roth Capital upped their price objective on Five9 from $62.00 to $70.00 and gave the stock a buy rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $64.46.

Shares of NASDAQ:FIVN traded down $1.74 during trading on Friday, reaching $63.06. 50,715 shares of the company traded hands, compared to its average volume of 669,210. The company’s 50 day moving average is $56.80 and its two-hundred day moving average is $54.80. The firm has a market capitalization of $4.00 billion, a PE ratio of 419.40, a PEG ratio of 61.71 and a beta of 0.66. The company has a quick ratio of 6.09, a current ratio of 6.09 and a debt-to-equity ratio of 1.19. Five9 has a 52 week low of $35.37 and a 52 week high of $66.13.

Five9 (NASDAQ:FIVN) last released its earnings results on Tuesday, November 5th. The software maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $83.77 million during the quarter, compared to the consensus estimate of $78.69 million. Five9 had a positive return on equity of 7.91% and a negative net margin of 0.54%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. As a group, research analysts anticipate that Five9 will post 0.11 EPS for the current year.

In other Five9 news, CEO Rowan M. Trollope sold 2,024 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $56.93, for a total value of $115,226.32. Following the completion of the transaction, the chief executive officer now owns 395,456 shares of the company’s stock, valued at approximately $22,513,310.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James B. Doran sold 491 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.87, for a total value of $31,851.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,837 shares of company stock valued at $10,078,138. 4.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Investment Advisory Services LLC increased its holdings in Five9 by 1,008.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock worth $27,000 after purchasing an additional 504 shares in the last quarter. NEXT Financial Group Inc acquired a new position in Five9 in the 2nd quarter worth about $39,000. Dorsey Wright & Associates increased 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 purchasing an additional 197 shares in the last quarter. Focused Wealth Management Inc acquired a new position in Five9 in the 3rd quarter worth about $64,000. Finally, Private Capital Group LLC increased its holdings in Five9 by 27.5% in the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after purchasing an additional 277 shares in 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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