Five9 (NASDAQ:FIVN) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Monday, Marketbeat Ratings reports. They presently have a $27.00 price target on the software maker’s stock. Barclays’ target price suggests a potential upside of 16.83% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. BidaskClub cut Five9 from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. TheStreet upgraded Five9 from a “d” rating to a “c-” rating in a report on Tuesday, November 21st. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Monday, November 13th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Five9 in a report on Friday, November 10th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.50.

Five9 (NASDAQ FIVN) traded up $0.23 during trading on Monday, reaching $23.11. The company had a trading volume of 357,200 shares, compared to its average volume of 484,283. The company has a market capitalization of $1,280.00, a PE ratio of -154.07 and a beta of 0.27. Five9 has a fifty-two week low of $15.27 and a fifty-two week high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. research analysts predict that Five9 will post -0.18 earnings per share for the current fiscal year.

In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $24.88, for a total transaction of $248,800.00. Following the transaction, the executive vice president now owns 146,436 shares of the company’s stock, valued at approximately $3,643,327.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the chief executive officer now directly owns 141,778 shares in the company, valued at approximately $3,476,396.56. The disclosure for this sale can be found here. In the last three months, insiders sold 846,877 shares of company stock worth $20,492,200. 9.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. AXA boosted its stake in shares of Five9 by 11.9% during the 3rd quarter. AXA now owns 277,793 shares of the software maker’s stock worth $6,639,000 after acquiring an additional 29,500 shares during the period. Neuberger Berman Group LLC bought a new position in shares of Five9 during the 3rd quarter worth approximately $1,087,000. California Public Employees Retirement System boosted its stake in shares of Five9 by 14.3% during the 3rd quarter. California Public Employees Retirement System now owns 45,378 shares of the software maker’s stock worth $1,085,000 after acquiring an additional 5,678 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Five9 during the 3rd quarter worth approximately $211,000. Finally, Tremblant Capital Group bought a new position in shares of Five9 during the 3rd quarter worth approximately $19,544,000. Institutional investors own 93.52% of the company’s stock.

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About Five9

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).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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