Shares of Five9 Inc. (NASDAQ:FIVN) have been given an average rating of “Buy” by the nine ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.17.
A number of equities analysts recently commented on the stock. Bank of America Corp. downgraded shares of Five9 from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 20th. Barclays PLC upped their price target on Five9 from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, October 4th. Finally, Needham & Company LLC upped their price target on Five9 from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th.
In related news, major shareholder Adams Street Partners Llc sold 1,813,043 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $13.25, for a total value of $24,022,819.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel P. Burkland sold 2,626 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $15.75, for a total value of $41,359.50. Following the completion of the transaction, the insider now directly owns 121,893 shares in the company, valued at $1,919,814.75. The disclosure for this sale can be found here. 40.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new position in Five9 during the third quarter valued at about $190,000. Macquarie Group Ltd. purchased a new position in Five9 during the second quarter valued at about $1,510,000. Royal Bank of Canada increased its position in Five9 by 252.9% in the second quarter. Royal Bank of Canada now owns 24,700 shares of the company’s stock valued at $294,000 after buying an additional 17,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Five9 by 28.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,610 shares of the company’s stock valued at $1,031,000 after buying an additional 18,976 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in Five9 during the second quarter valued at about $589,000. 83.84% of the stock is currently owned by hedge funds and other institutional investors.
Five9 (NASDAQ:FIVN) opened at 14.13 on Tuesday. The stock’s market capitalization is $742.59 million. The company’s 50-day moving average price is $14.93 and its 200 day moving average price is $12.06. Five9 has a 52-week low of $3.89 and a 52-week high of $16.40.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The company earned $38.90 million during the quarter, compared to the consensus estimate of $36.86 million. Five9 had a negative net margin of 12.36% and a negative return on equity of 65.04%. Five9’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. On average, equities research analysts predict that Five9 will post ($0.14) earnings per share for the current fiscal year.
Five9 Company Profile
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. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.