William Blair Reaffirms Outperform Rating for Five9 (NASDAQ:FIVN)

Five9 (NASDAQ:FIVN)‘s stock had its “outperform” rating restated by stock analysts at William Blair in a note issued to investors on Thursday,RTT News reports.

Other equities analysts have also recently issued reports about the stock. Rosenblatt Securities upped their price objective on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald lifted their price target on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five9 in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

Five9 Stock Performance

Shares of FIVN traded down $1.29 during trading hours on Thursday, hitting $28.31. The stock had a trading volume of 540,423 shares, compared to its average volume of 1,642,785. Five9 has a fifty-two week low of $26.60 and a fifty-two week 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 firm has a 50-day moving average price of $38.67 and a 200 day moving average price of $35.88. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -141.52, a PEG ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $267.70 million. As a group, research analysts anticipate that Five9 will post 0.28 EPS for the current year.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,517 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the transaction, the chief accounting officer now directly owns 48,300 shares of the company’s stock, valued at $1,605,009. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 126,359 shares in the company, 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 27,039 shares of company stock worth $930,029. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA bought a new position in Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new position in Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC raised 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 purchasing an additional 1,315 shares during the period. Finally, Quest Partners LLC acquired a new stake in Five9 in the 3rd quarter valued at about $95,000. 96.64% of the stock is currently owned by 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.