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

Rosenblatt Securities reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a report published on Thursday,Benzinga reports. Rosenblatt Securities currently has a $58.00 target price on the software maker’s stock.

A number of other research firms also recently commented on FIVN. Morgan Stanley boosted their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Monday, March 17th. Cantor Fitzgerald lifted their target price on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Barclays lifted their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Piper Sandler lifted their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.76.

Five9 Trading Up 1.7 %

Shares of Five9 stock opened at $30.14 on Thursday. Five9 has a 1 year low of $26.60 and a 1 year high of $63.79. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $2.28 billion, a P/E ratio of -150.69, a PEG ratio of 9.41 and a beta of 1.01. The company’s fifty day moving average is $37.28 and its two-hundred day moving average is $35.74.

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

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Menard Financial Group LLC acquired a new stake in Five9 in the fourth quarter valued at $206,000. Jefferies Financial Group Inc. acquired a new stake in shares of Five9 during the fourth quarter worth $1,048,000. Sylebra Capital LLC raised its holdings in shares of Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Five9 by 261.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker’s stock worth $27,746,000 after purchasing an additional 493,709 shares during the period. Finally, Tremblant Capital Group raised its holdings in shares of Five9 by 24.3% during the fourth quarter. Tremblant Capital Group now owns 654,174 shares of the software maker’s stock worth $26,586,000 after purchasing an additional 127,979 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

About Five9

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.