D. E. Shaw & Co. Inc. acquired a new stake in shares of Five9 Inc (NASDAQ:FIVN) during the second quarter, HoldingsChannel.com reports. The firm acquired 4,690 shares of the software maker’s stock, valued at approximately $241,000.
A number of other hedge funds also recently modified their holdings of FIVN. Riverbridge Partners LLC purchased a new stake in Five9 during the second quarter valued at approximately $28,158,000. First Trust Advisors LP raised its position in Five9 by 435.6% during the second quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock valued at $22,501,000 after purchasing an additional 356,792 shares during the period. Morgan Stanley raised its position in Five9 by 50.6% during the second quarter. Morgan Stanley now owns 667,412 shares of the software maker’s stock valued at $34,231,000 after purchasing an additional 224,195 shares during the period. Tremblant Capital Group raised its position in Five9 by 26.5% during the second quarter. Tremblant Capital Group now owns 940,677 shares of the software maker’s stock valued at $48,247,000 after purchasing an additional 197,062 shares during the period. Finally, RE Advisers Corp purchased a new stake in Five9 during the second quarter valued at approximately $9,192,000.
A number of equities research analysts have issued reports on the company. KeyCorp restated a “hold” rating on shares of Five9 in a research report on Wednesday, July 31st. ValuEngine downgraded Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Dougherty & Co upgraded Five9 from a “neutral” rating to a “buy” rating in a research report on Thursday, August 1st. SunTrust Banks upped their price objective on Five9 to $66.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, BidaskClub downgraded Five9 from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Five9 currently has a consensus rating of “Buy” and a consensus price target of $59.92.
FIVN opened at $55.58 on Friday. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 370.53, a P/E/G ratio of 137.93 and a beta of 0.58. The stock’s 50 day moving average price is $58.04 and its 200-day moving average price is $53.65. Five9 Inc has a one year low of $34.66 and a one year high of $65.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. The firm had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. Five9 had a positive return on equity of 8.90% and a negative net margin of 0.47%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, analysts predict that Five9 Inc will post 0.04 earnings per share for the current fiscal year.
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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