Five9 (NASDAQ:FIVN) Stock Gets Price Target Increase from KeyCorp

Five9 (NASDAQ:FIVN) had its price target hoisted by equities researchers at KeyCorp from $32.00 to $34.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. KeyCorp‘s target price would suggest a potential downside of 0.41% from the stock’s previous close.

Several other analysts have also weighed in on FIVN. Rosenblatt Securities upped their target price on Five9 from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, August 7th. FBN Securities began coverage on Five9 in a research note on Wednesday, September 16th. They set an “outperform” rating and a $40.00 price target for the company. Weiss Ratings upgraded shares of Five9 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Robert W. Baird boosted their price objective on shares of Five9 from $22.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, UBS Group increased their price objective on shares of Five9 from $36.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 16th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $34.14 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 49.48 and a beta of 1.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.15. The business’s 50 day simple moving average is $34.67 and its 200-day simple moving average is $24.43. Five9 has a 12 month low of $13.29 and a 12 month high of $40.00.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, November 5th. The software maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The firm had revenue of $323.30 million during the quarter, compared to the consensus estimate of $319.04 million. Five9 had a return on equity of 12.92% and a net margin of 4.94%. Five9’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. As a group, equities analysts forecast that Five9 will post 1.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Bryan M. Lee sold 1,310 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.60, for a total transaction of $42,706.00. Following the transaction, the chief financial officer owned 289,333 shares of the company’s stock, valued at approximately $9,432,255.80. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Andy Dignan sold 6,986 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $35.00, for a total transaction of $244,510.00. Following the transaction, the president directly owned 237,614 shares in the company, valued at $8,316,490. The trade was a 2.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,831 shares of company stock valued at $2,821,366 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Five9

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. Glenmede Trust Co. NA lifted its stake in shares of Five9 by 35.7% during the 1st quarter. Glenmede Trust Co. NA now owns 577,672 shares of the software maker’s stock worth $8,763,000 after purchasing an additional 151,974 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Five9 by 12.1% during the second quarter. Squarepoint Ops LLC now owns 374,506 shares of the software maker’s stock worth $7,984,000 after purchasing an additional 40,519 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Five9 during the second quarter worth $1,263,000. Toth Financial Advisory Corp purchased a new stake in shares of Five9 in the third quarter valued at $988,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Five9 in the second quarter valued at $1,034,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 News Roundup

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Q3 revenue rose 13% year over year to $323.3 million, topping the $319.0 million consensus estimate. Earnings of $0.82 per share also beat expectations of $0.80 and were up from $0.78 a year earlier. Zacks Q3 results
• Neutral Sentiment: Five9 expects fourth-quarter adjusted EPS of $0.88–$0.92. The articles provided no analyst consensus for this outlook, so it is difficult to assess it against market expectations. Q4 EPS outlook
• Neutral Sentiment: The planned $325 million cash acquisition of Level AI is intended to expand Five9’s AI tools for customer service, including automation and agent support. The deal could strengthen its platform, though the cash outlay and integration bring execution risks. Five9 Level AI acquisition announcement
• Negative Sentiment: Gross margins weakened: GAAP gross margin was 53.4%, down from 55.0% a year earlier. This may temper the positive impact of revenue and earnings growth. Five9 Q3 financial results

About Five9

Five9, Inc is a cloud-based software company that provides customer experience and contact center solutions. Its platform enables organizations to manage customer interactions across voice, chat, email, social media and other digital channels without relying on traditional on-premises contact center infrastructure.

The company’s Intelligent CX Platform includes tools for inbound and outbound communications, digital engagement, workforce optimization, workflow automation, analytics and reporting.