Shares of Five9 Inc (NASDAQ:FIVN) have been given an average rating of “Buy” by the seventeen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $52.92.

Several equities analysts have recently commented on the stock. Canaccord Genuity boosted their price target on shares of Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, March 19th. SunTrust Banks upped their price objective on shares of Five9 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. KeyCorp reiterated a “hold” rating on shares of Five9 in a report on Tuesday, February 19th. Finally, BidaskClub cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th.

Shares of Five9 stock traded down $1.99 on Friday, hitting $52.01. 558,084 shares of the company traded hands, compared to its average volume of 883,015. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.41. Five9 has a 12-month low of $26.92 and a 12-month high of $57.90. The stock has a market cap of $3.16 billion, a P/E ratio of 346.73 and a beta of 0.63.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The business had revenue of $72.34 million for the quarter, compared to analysts’ expectations of $66.53 million. On average, equities research analysts expect that Five9 will post -0.05 earnings per share for the current fiscal year.

In other Five9 news, Director Michael Burkland sold 1,700 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $56.01, for a total transaction of $95,217.00. Following the completion of the transaction, the director now owns 82,171 shares of the company’s stock, valued at approximately $4,602,397.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Welch sold 1,031 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $53.30, for a total transaction of $54,952.30. Following the transaction, the executive vice president now directly owns 86,268 shares of the company’s stock, valued at approximately $4,598,084.40. The disclosure for this sale can be found here. Insiders sold 287,989 shares of company stock valued at $15,244,919 over the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio lifted its position in Five9 by 112.5% during the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock worth $148,000 after acquiring an additional 1,800 shares during the last quarter. Caxton Associates LP acquired a new position in Five9 during the 4th quarter worth $206,000. JPMorgan Chase & Co. lifted its position in Five9 by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,063 shares of the software maker’s stock worth $11,275,000 after acquiring an additional 60,250 shares during the last quarter. Vanguard Group Inc lifted its position in Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after acquiring an additional 1,026,191 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in Five9 during the 4th quarter worth $8,804,000.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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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