Five9 (NASDAQ:FIVN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Five9 (NASDAQ:FIVN – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the software maker’s stock.

FIVN has been the subject of several other reports. Morgan Stanley lifted their price target on Five9 from $65.00 to $75.00 and gave the company an equal weight rating in a report on Thursday, February 23rd. Needham & Company LLC reissued a buy rating and issued a $90.00 price target on shares of Five9 in a research note on Thursday, February 23rd. Credit Suisse Group reissued a neutral rating and issued a $70.00 price target on shares of Five9 in a research note on Thursday, February 23rd. KeyCorp boosted their price target on Five9 from $86.00 to $94.00 and gave the company an overweight rating in a research note on Thursday, February 23rd. Finally, William Blair reissued an outperform rating on shares of Five9 in a research note on Wednesday, February 22nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Five9 presently has a consensus rating of Moderate Buy and an average price target of $84.67.

Five9 Stock Down 2.3 %

Shares of NASDAQ:FIVN traded down $1.44 during midday trading on Thursday, hitting $60.41. 1,107,488 shares of the stock were exchanged, compared to its average volume of 1,730,042. The business’s fifty day simple moving average is $73.41 and its two-hundred day simple moving average is $70.19. The company has a debt-to-equity ratio of 2.38, a quick ratio of 5.16 and a current ratio of 5.16. Five9 has a 52-week low of $46.61 and a 52-week high of $121.17. The company has a market capitalization of $4.30 billion, a PE ratio of -44.75 and a beta of 0.72.

Insider Transactions at Five9

In other news, CRO Daniel P. Burkland sold 43,136 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $68.72, for a total transaction of $2,964,305.92. Following the completion of the transaction, the executive now directly owns 140,616 shares in the company, valued at $9,663,131.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Barry Zwarenstein sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $61.84, for a total transaction of $309,200.00. Following the completion of the transaction, the chief financial officer now directly owns 112,303 shares in the company, valued at $6,944,817.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Daniel P. Burkland sold 43,136 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $68.72, for a total value of $2,964,305.92. Following the transaction, the executive now owns 140,616 shares of the company’s stock, valued at $9,663,131.52. The disclosure for this sale can be found here. Insiders sold a total of 104,773 shares of company stock worth $7,388,637 over the last three months. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in shares of Five9 by 54.2% in the fourth quarter. First Horizon Advisors Inc. now owns 404 shares of the software maker’s stock valued at $27,000 after purchasing an additional 142 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Five9 by 247.0% in the fourth quarter. Parallel Advisors LLC now owns 406 shares of the software maker’s stock valued at $28,000 after purchasing an additional 289 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Five9 by 1,013.2% in the fourth quarter. Quadrant Capital Group LLC now owns 423 shares of the software maker’s stock valued at $29,000 after purchasing an additional 385 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Five9 by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 482 shares of the software maker’s stock valued at $33,000 after purchasing an additional 162 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Five9 by 226.2% in the fourth quarter. Signaturefd LLC now owns 597 shares of the software maker’s stock valued at $41,000 after purchasing an additional 414 shares in the last quarter.

Five9 Company Profile

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.