Five9, Inc. (NASDAQ:FIVN) Given Average Rating of “Moderate Buy” by Brokerages

Five9, Inc. (NASDAQ:FIVN) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $82.71.

Several equities research analysts have recently commented on FIVN shares. Royal Bank of Canada started coverage on shares of Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 price target for the company. Canaccord Genuity Group lowered their price target on shares of Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. UBS Group lowered their price target on shares of Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company decreased their price objective on shares of Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, June 10th. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 price objective on shares of Five9 in a report on Friday, May 3rd.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total value of $71,348.34. Following the sale, the chief accounting officer now owns 38,267 shares of the company’s stock, valued at $1,770,614.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Five9 news, CFO Barry Zwarenstein sold 10,291 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $42.64, for a total transaction of $438,808.24. Following the sale, the chief financial officer now directly owns 107,255 shares of the company’s stock, valued at $4,573,353.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,542 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the sale, the chief accounting officer now directly owns 38,267 shares in the company, valued at $1,770,614.09. The disclosure for this sale can be found here. Insiders have sold a total of 44,541 shares of company stock valued at $2,024,537 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Assenagon Asset Management S.A. raised its position in shares of Five9 by 84.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock valued at $65,931,000 after purchasing an additional 383,002 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Five9 in the fourth quarter valued at about $1,684,000. Alberta Investment Management Corp acquired a new position in shares of Five9 in the fourth quarter valued at about $2,254,000. Trexquant Investment LP acquired a new position in shares of Five9 in the fourth quarter valued at about $1,364,000. Finally, Tairen Capital Ltd acquired a new position in shares of Five9 in the fourth quarter valued at about $5,836,000. 96.64% of the stock is owned by institutional investors.

Five9 Trading Up 6.0 %

Shares of NASDAQ FIVN opened at $43.19 on Friday. Five9 has a 1-year low of $39.07 and a 1-year high of $92.40. The company has a market cap of $3.19 billion, a PE ratio of -50.81 and a beta of 0.81. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $49.71 and a two-hundred day moving average of $62.84.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million during the quarter, compared to the consensus estimate of $239.72 million. As a group, equities analysts expect that Five9 will post -0.3 earnings per share for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.