Zacks Investment Research Upgrades Five9, Inc. (FIVN) to Buy

Five9, Inc. (NASDAQ:FIVN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage currently has a $28.00 price target on the software maker’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.63% from the company’s current price.

According to Zacks, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California. “

A number of other brokerages also recently issued reports on FIVN. Canaccord Genuity reiterated a “buy” rating and issued a $28.00 price target on shares of Five9 in a research note on Thursday, November 9th. KeyCorp reissued a “buy” rating and set a $27.00 price objective on shares of Five9 in a report on Friday, October 27th. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price objective (up previously from $18.00) on shares of Five9 in a report on Thursday, July 20th. Northland Securities set a $25.00 price objective on shares of Five9 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of Five9 in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.75.

Five9 (NASDAQ:FIVN) opened at $25.31 on Monday. Five9 has a 12 month low of $12.58 and a 12 month high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. equities analysts expect that Five9 will post -0.19 EPS for the current fiscal year.

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In other news, EVP Daniel P. Burkland sold 4,202 shares of Five9 stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $21.03, for a total value of $88,368.06. Following the transaction, the executive vice president now directly owns 136,436 shares of the company’s stock, valued at approximately $2,869,249.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 600,000 shares of Five9 stock in a transaction on Monday, November 13th. The shares were sold at an average price of $24.05, for a total transaction of $14,430,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,194,161 shares in the company, valued at $28,719,572.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 670,816 shares of company stock worth $16,007,408. 9.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC increased its holdings in shares of Five9 by 4.5% in the 2nd quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after acquiring an additional 522 shares during the period. Zacks Investment Management increased its holdings in shares of Five9 by 2.7% in the 2nd quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock valued at $1,013,000 after acquiring an additional 1,244 shares during the period. American International Group Inc. increased its holdings in shares of Five9 by 7.1% in the 1st quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock valued at $335,000 after acquiring an additional 1,349 shares during the period. Virtu KCG Holdings LLC increased its holdings in shares of Five9 by 10.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock valued at $342,000 after acquiring an additional 1,536 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in shares of Five9 by 2.9% in the 2nd quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock valued at $1,335,000 after acquiring an additional 1,750 shares during the period. 91.67% of the stock is currently owned by institutional investors and hedge funds.

Five9 Company Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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