Five9 (NASDAQ:FIVN) had its price objective upped by Bank of America from $16.00 to $19.00 in a research report sent to investors on Thursday. The brokerage currently has an underperform rating on the software maker’s stock.
FIVN has been the topic of a number of other research reports. SunTrust Banks initiated coverage on Five9 in a research note on Wednesday, January 31st. They issued a buy rating and a $30.00 target price on the stock. KeyCorp reissued a buy rating and issued a $27.00 target price on shares of Five9 in a research note on Friday, October 27th. Zacks Investment Research raised Five9 from a hold rating to a buy rating and set a $28.00 target price on the stock in a research note on Monday, November 13th. BidaskClub cut Five9 from a buy rating to a hold rating in a research note on Saturday, December 2nd. Finally, ValuEngine raised Five9 from a hold rating to a buy rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $26.60.
Five9 (NASDAQ FIVN) opened at $29.70 on Thursday. 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 has a 12 month low of $15.77 and a 12 month high of $32.00.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $52.31 million. Five9 had a negative return on equity of 27.57% and a negative net margin of 4.48%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. sell-side analysts anticipate that Five9 will post -0.12 EPS for the current year.
In other Five9 news, EVP Scott Welch sold 11,892 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.58, for a total transaction of $280,413.36. Following the completion of the sale, the executive vice president now directly owns 112,484 shares in the company, valued at $2,652,372.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Barry Zwarenstein sold 5,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $24.42, for a total transaction of $122,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 335,889 shares of company stock valued at $8,650,000. Company insiders own 9.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Fortaleza Asset Management Inc. purchased a new stake in shares of Five9 during the fourth quarter worth about $157,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Five9 during the fourth quarter worth about $201,000. Envestnet Asset Management Inc. purchased a new stake in shares of Five9 during the third quarter worth about $195,000. Janney Montgomery Scott LLC purchased a new stake in shares of Five9 during the third quarter worth about $211,000. Finally, Invictus RG purchased a new stake in shares of Five9 during the fourth quarter worth about $267,000. Institutional investors own 92.92% of the company’s stock.
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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).
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