Five9 Inc (NASDAQ:FIVN) has been assigned an average recommendation of “Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $44.55.

Several research firms have recently weighed in on FIVN. BidaskClub upgraded Five9 from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Morgan Stanley upgraded Five9 from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $37.00 to $54.00 in a research note on Monday. Stephens assumed coverage on Five9 in a research note on Thursday, January 3rd. They set an “equal weight” rating and a $48.00 price target on the stock. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, January 1st. Finally, JPMorgan Chase & Co. lowered Five9 from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 13th.

In other Five9 news, EVP Scott Welch sold 1,411 shares of Five9 stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $39.10, for a total value of $55,170.10. Following the transaction, the executive vice president now owns 78,372 shares in the company, valued at $3,064,345.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 8,500 shares of Five9 stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $42.53, for a total value of $361,505.00. Following the completion of the transaction, the chief financial officer now owns 98,953 shares in the company, valued at approximately $4,208,471.09. The disclosure for this sale can be found here. Insiders sold 117,040 shares of company stock worth $4,681,634 in the last quarter. 5.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. Vanguard Group Inc grew its stake in Five9 by 19.3% in the third quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after purchasing an additional 1,026,191 shares during the last quarter. Vanguard Group Inc. grew its stake in Five9 by 19.3% in the third quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after purchasing an additional 1,026,191 shares during the last quarter. Sylebra HK Co Ltd grew its stake in Five9 by 107.9% in the third quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock valued at $64,031,000 after purchasing an additional 760,804 shares during the last quarter. Wasatch Advisors Inc. grew its stake in Five9 by 510.9% in the third quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after purchasing an additional 746,394 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Five9 by 11.1% in the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after purchasing an additional 406,173 shares during the last quarter. Institutional investors own 97.75% of the company’s stock.

Shares of NASDAQ:FIVN traded down $0.68 on Friday, hitting $46.34. 29,122 shares of the company’s stock were exchanged, compared to its average volume of 652,638. Five9 has a 12 month low of $22.99 and a 12 month high of $49.50. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -272.06, a price-to-earnings-growth ratio of 105.66 and a beta of 0.53. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56.

Five9 (NASDAQ:FIVN) last released its earnings results on Tuesday, November 6th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The business had revenue of $65.30 million during the quarter, compared to the consensus estimate of $61.70 million. During the same period last year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities research analysts predict that Five9 will post 0.04 EPS for the current fiscal year.

Five9 Company Profile

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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