Five9, Inc. (NASDAQ:FIVN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Five9, Inc. (NASDAQ:FIVN) has been given an average rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $63.35.

Several brokerages recently commented on FIVN. BTIG Research decreased their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Robert W. Baird downgraded Five9 from an “outperform” rating to a “neutral” rating and cut their target price for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Morgan Stanley lowered their price target on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Finally, StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Five9 Trading Down 2.9 %

Shares of NASDAQ FIVN opened at $26.99 on Wednesday. Five9 has a 1-year low of $26.60 and a 1-year high of $92.40. The business has a fifty day moving average price of $38.08 and a 200 day moving average price of $48.41. The stock has a market capitalization of $2.02 billion, a P/E ratio of -31.75 and a beta of 0.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. Equities research analysts expect that Five9 will post -0.09 EPS for the current fiscal year.

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at $2,300,372.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the completion of the sale, the chief operating officer now owns 119,927 shares of the company’s stock, valued at approximately $3,628,991.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,929 shares of company stock worth $1,373,088. 1.80% of the stock is owned by company insiders.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently modified their holdings of FIVN. Norges Bank acquired a new stake in Five9 in the 4th quarter worth about $79,035,000. Sylebra Capital LLC boosted its stake in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after acquiring an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Five9 by 347.4% during the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after purchasing an additional 584,800 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Five9 by 52.3% during the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after purchasing an additional 446,151 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after purchasing an additional 406,188 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.