Five9 (NASDAQ:FIVN) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Five9 (NASDAQ:FIVN) in a research report sent to investors on Friday,Benzinga reports. They currently have a $52.00 target price on the software maker’s stock.

Several other equities research analysts also recently issued reports on FIVN. DA Davidson boosted their price objective on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of Five9 in a research note on Friday, January 17th. They set an “overweight” rating and a $46.00 price objective for the company. 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 research note on Wednesday, December 18th. Robert W. Baird boosted their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Rosenblatt Securities boosted their price objective on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Price Performance

Five9 stock opened at $42.09 on Friday. Five9 has a 1 year low of $26.60 and a 1 year high of $65.71. The firm has a 50 day moving average price of $40.57 and a 200 day moving average price of $35.89. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -84.18, a PEG ratio of 9.44 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Sell-side analysts predict that Five9 will post 0.11 earnings per share for the current year.

Insider Activity at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the sale, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock valued at $1,209,279 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the period. Lindbrook Capital LLC raised its holdings 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 purchasing an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Five9 during the fourth quarter worth $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Five9 during the fourth quarter worth $47,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Company Profile

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.