ValuEngine upgraded shares of Five9, Inc. (NASDAQ:FIVN) from a hold rating to a buy rating in a research report report published on Friday morning.
Several other research analysts have also weighed in on FIVN. Needham & Company LLC reaffirmed a buy rating and issued a $26.00 target price (up from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a buy rating and issued a $28.00 target price on shares of Five9 in a research report on Thursday, November 9th. KeyCorp reaffirmed an overweight rating and issued a $29.00 target price (up from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Morgan Stanley increased their target price on Five9 from $21.00 to $23.00 and gave the stock an equal weight rating in a research report on Thursday, November 9th. Finally, Northland Securities reaffirmed a buy rating and issued a $25.00 target price on shares of Five9 in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $24.75.
Five9 (NASDAQ FIVN) opened at $25.37 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 has a 52-week low of $12.58 and a 52-week high of $27.81.
Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. equities research analysts predict that Five9 will post -0.19 EPS for the current year.
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In other news, EVP Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.41, for a total transaction of $204,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Welch sold 3,903 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $20.88, for a total value of $81,494.64. Following the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,856,363.12. The disclosure for this sale can be found here. Insiders sold 74,719 shares of company stock worth $1,658,903 over the last three months. 9.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in FIVN. American International Group Inc. grew its stake in shares of Five9 by 7.1% during the first 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 in the last quarter. FMR LLC grew its stake in shares of Five9 by 60.0% during the first quarter. FMR LLC now owns 800,000 shares of the software maker’s stock valued at $13,168,000 after acquiring an additional 300,000 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Five9 by 9.6% during the first quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock valued at $2,939,000 after acquiring an additional 15,582 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Five9 by 10.1% during the first quarter. TIAA CREF Investment Management LLC now owns 237,889 shares of the software maker’s stock valued at $3,916,000 after acquiring an additional 21,849 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Five9 by 28.2% during the first quarter. Vanguard Group Inc. now owns 2,626,988 shares of the software maker’s stock valued at $43,240,000 after acquiring an additional 577,738 shares in the last quarter. Institutional investors own 91.67% of the company’s stock.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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