Five9’s (FIVN) Outperform Rating Reiterated at William Blair

William Blair reaffirmed their outperform rating on shares of Five9 (NASDAQ:FIVN) in a research note issued to investors on Thursday,RTT News reports.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald raised their price target on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Piper Sandler raised their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Barclays raised their price target on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Rosenblatt Securities raised their price target on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley raised their price target on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and an average price target of $56.25.

Five9 Stock Performance

NASDAQ:FIVN opened at $29.48 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 12-month low of $26.60 and a 12-month high of $63.79. The stock has a 50-day moving average price of $38.19 and a 200 day moving average price of $35.82. The stock has a market capitalization of $2.23 billion, a P/E ratio of -147.39, a P/E/G ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.70 million. Equities research analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Andy Dignan sold 2,840 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,874 shares of company stock valued at $985,446. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Institutional investors and hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC raised its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new stake in Five9 during the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in Five9 during the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Five9 in the 3rd quarter valued at $95,000. 96.64% of the stock is owned by institutional investors.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.