Five9 Inc. (NASDAQ:FIVN) has been assigned an average recommendation of “Buy” from the fourteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $26.00.
A number of equities research analysts have commented on the company. BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Barclays lowered Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 target price on the stock. in a research report on Monday, January 8th. SunTrust Banks initiated coverage on Five9 in a research report on Wednesday, January 31st. They set a “buy” rating and a $30.00 target price on the stock. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.
NASDAQ FIVN opened at $27.68 on Thursday. Five9 has a 12 month low of $16.30 and a 12 month high of $32.47. The stock has a market capitalization of $1,595.86, a price-to-earnings ratio of -162.82 and a beta of 0.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.35 and a current ratio of 2.35.
In other Five9 news, President Daniel P. Burkland sold 10,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $24.32, for a total value of $243,200.00. Following the transaction, the president now owns 178,291 shares in the company, valued at $4,336,037.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Burkland sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.78, for a total value of $570,720.00. Following the completion of the transaction, the director now owns 762,582 shares in the company, valued at approximately $18,134,199.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 674,951 shares of company stock worth $19,603,720. 9.10% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in FIVN. Sei Investments Co. boosted its holdings in Five9 by 44.7% in the third quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock worth $461,000 after acquiring an additional 5,961 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Five9 by 32.9% in the third quarter. New York State Common Retirement Fund now owns 159,501 shares of the software maker’s stock worth $3,812,000 after acquiring an additional 39,455 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Five9 by 26.3% in the third quarter. Bank of New York Mellon Corp now owns 315,984 shares of the software maker’s stock worth $7,551,000 after acquiring an additional 65,798 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Five9 by 32.4% in the third quarter. Ameriprise Financial Inc. now owns 428,389 shares of the software maker’s stock worth $10,238,000 after acquiring an additional 104,714 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Five9 by 8.1% in the third quarter. American International Group Inc. now owns 34,953 shares of the software maker’s stock worth $835,000 after acquiring an additional 2,613 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
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Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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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