Five9 (FIVN) Rating Increased to Strong-Buy at BidaskClub

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Five9 (NASDAQ:FIVN) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts also recently weighed in on FIVN. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, January 1st. Stephens assumed coverage on Five9 in a report on Thursday, January 3rd. They issued an “equal weight” rating and a $48.00 target price for the company. Roth Capital lifted their target price on Five9 from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Bank of America lifted their target price on Five9 from $25.00 to $28.00 and gave the stock an “underperform” rating in a report on Wednesday, November 7th. Finally, JPMorgan Chase & Co. downgraded Five9 from an “overweight” rating to a “neutral” rating in a report on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.54.

Shares of Five9 stock traded down $0.64 during midday trading on Thursday, reaching $46.38. The company had a trading volume of 584,081 shares, compared to its average volume of 833,688. The company has a debt-to-equity ratio of 1.56, a current ratio of 6.95 and a quick ratio of 6.95. The firm has a market cap of $2.73 billion, a P/E ratio of -272.82, a P/E/G ratio of 105.66 and a beta of 0.53. Five9 has a fifty-two week low of $23.10 and a fifty-two week high of $49.50.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. The company had revenue of $65.30 million for the quarter, compared to analyst estimates of $61.70 million. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share. Equities analysts anticipate that Five9 will post 0.04 earnings per share for the current fiscal year.

In other news, EVP Scott Welch sold 1,411 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $39.10, for a total transaction of $55,170.10. Following the completion of the sale, the executive vice president now owns 78,372 shares in the company, valued at $3,064,345.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $38.20, for a total value of $573,000.00. Following the sale, the president now owns 170,091 shares of the company’s stock, valued at approximately $6,497,476.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,040 shares of company stock valued at $4,681,634. Corporate insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC bought a new stake in Five9 during the second quarter worth $110,000. Great West Life Assurance Co. Can grew its holdings in Five9 by 81.0% during the second quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock worth $187,000 after buying an additional 2,419 shares in the last quarter. Concentric Wealth Management LLC bought a new stake in Five9 during the third quarter worth $208,000. GSA Capital Partners LLP bought a new stake in Five9 during the second quarter worth $245,000. Finally, Capital Fund Management S.A. bought a new stake in Five9 during the second quarter worth $266,000. Hedge funds and other institutional investors own 97.75% of the company’s stock.

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.

Read More: Hedge Funds – How They Work For Investors

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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