BidaskClub cut shares of Five9 (NASDAQ:FIVN) from a buy rating to a hold rating in a report issued on Saturday morning.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Five9 from a hold rating to a strong-buy rating and set a $49.00 price objective for the company in a report on Thursday, August 9th. Bank of America lifted their price objective on shares of Five9 from $21.00 to $25.00 and gave the stock an underperform rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Five9 to $46.00 and gave the stock an overweight rating in a report on Tuesday, August 7th. Stifel Nicolaus assumed coverage on shares of Five9 in a report on Wednesday, July 11th. They issued a hold rating and a $36.00 price objective for the company. Finally, Northland Securities reaffirmed a buy rating and issued a $48.00 price objective on shares of Five9 in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $39.36.

FIVN stock opened at $43.53 on Friday. Five9 has a twelve month low of $21.20 and a twelve month high of $49.50. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.96 and a quick ratio of 6.96. The company has a market cap of $2.52 billion, a PE ratio of -255.47 and a beta of 0.35.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $61.12 million during the quarter, compared to the consensus estimate of $56.42 million. Five9 had a negative net margin of 1.04% and a negative return on equity of 3.56%. The company’s revenue was up 28.1% compared to the same quarter last year. analysts anticipate that Five9 will post -0.05 EPS for the current year.

In other news, President Daniel P. Burkland sold 5,584 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $47.36, for a total transaction of $264,458.24. Following the completion of the transaction, the president now owns 155,091 shares of the company’s stock, valued at $7,345,109.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 6,384 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $47.62, for a total transaction of $304,006.08. Following the transaction, the chief financial officer now directly owns 121,714 shares of the company’s stock, valued at approximately $5,796,020.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,073 shares of company stock valued at $3,660,056. 5.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Advisory Inc. boosted its holdings in shares of Five9 by 34.3% during the first quarter. Brown Advisory Inc. now owns 24,153 shares of the software maker’s stock valued at $720,000 after acquiring an additional 6,172 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Five9 by 29.9% during the second quarter. Mutual of America Capital Management LLC now owns 263,499 shares of the software maker’s stock valued at $9,109,000 after acquiring an additional 60,659 shares during the period. First Trust Advisors LP boosted its holdings in shares of Five9 by 32.3% during the second quarter. First Trust Advisors LP now owns 104,440 shares of the software maker’s stock valued at $3,610,000 after acquiring an additional 25,497 shares during the period. Algert Global LLC boosted its holdings in shares of Five9 by 296.4% during the second quarter. Algert Global LLC now owns 74,677 shares of the software maker’s stock valued at $2,582,000 after acquiring an additional 55,837 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Five9 by 11.3% during the second quarter. D.A. Davidson & CO. now owns 26,169 shares of the software maker’s stock valued at $905,000 after acquiring an additional 2,654 shares during the period. 96.28% of the stock is owned by institutional investors.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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