Five9 (NASDAQ:FIVN) Earns Buy Rating from Rosenblatt Securities

Five9 (NASDAQ:FIVN)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a research note issued on Friday, Benzinga reports. They currently have a $105.00 price target on the software maker’s stock. Rosenblatt Securities’ price target indicates a potential upside of 62.29% from the company’s previous close.

A number of other brokerages have also recently commented on FIVN. KeyCorp lifted their target price on Five9 from $81.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, July 21st. Morgan Stanley increased their price target on Five9 from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. Roth Capital reissued a “buy” rating on shares of Five9 in a report on Tuesday, May 23rd. Piper Sandler boosted their price objective on Five9 from $89.00 to $94.00 in a research report on Tuesday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Five9 in a research note on Tuesday, August 8th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.82.

Five9 Trading Down 0.4 %

Shares of FIVN stock traded down $0.26 on Friday, hitting $64.70. 291,504 shares of the company’s stock traded hands, compared to its average volume of 1,290,041. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of -54.11 and a beta of 0.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 5.32 and a current ratio of 5.32. The company’s fifty day simple moving average is $76.60 and its 200 day simple moving average is $70.39. Five9 has a one year low of $46.61 and a one year high of $89.58.

Five9 (NASDAQ:FIVN) last released its earnings results on Monday, August 7th. The software maker reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.12. Five9 had a negative return on equity of 17.08% and a negative net margin of 10.12%. The firm had revenue of $222.88 million for the quarter, compared to analysts’ expectations of $214.11 million. Equities analysts forecast that Five9 will post -1.06 EPS for the current year.

Insiders Place Their Bets

In other news, CRO Daniel P. Burkland sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $86.38, for a total value of $691,040.00. Following the sale, the executive now directly owns 109,875 shares in the company, valued at $9,491,002.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Burkland sold 53,671 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $80.00, for a total value of $4,293,680.00. Following the completion of the transaction, the chief executive officer now directly owns 187,416 shares in the company, valued at approximately $14,993,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Daniel P. Burkland sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $86.38, for a total value of $691,040.00. Following the transaction, the executive now directly owns 109,875 shares of the company’s stock, valued at approximately $9,491,002.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,171 shares of company stock worth $6,739,850. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Five9

Several institutional investors have recently added to or reduced their stakes in FIVN. MetLife Investment Management LLC purchased a new position in shares of Five9 in the 1st quarter worth about $482,000. Raymond James Trust N.A. purchased a new position in Five9 in the 1st quarter worth $212,000. Cetera Investment Advisers lifted its stake in shares of Five9 by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 3,223 shares of the software maker’s stock valued at $356,000 after acquiring an additional 430 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of Five9 in the first quarter worth approximately $613,000. Finally, Prudential Financial Inc. raised its stake in shares of Five9 by 10.7% during the first quarter. Prudential Financial Inc. now owns 2,806 shares of the software maker’s stock valued at $310,000 after acquiring an additional 272 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent 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.