JPMorgan Chase & Co. downgraded shares of Five9 (NASDAQ:FIVN) from an overweight rating to a neutral rating in a report issued on Thursday, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on the stock. BidaskClub raised shares of Five9 from a hold rating to a buy rating in a report on Wednesday, November 28th. Roth Capital boosted their target price on shares of Five9 from $45.00 to $55.00 and gave the company a buy rating in a report on Wednesday, November 7th. Bank of America boosted their target price on shares of Five9 from $25.00 to $28.00 and gave the company an underperform rating in a report on Wednesday, November 7th. Dougherty & Co started coverage on shares of Five9 in a report on Tuesday, October 16th. They set a hold rating on the stock. Finally, Zacks Investment Research cut shares of Five9 from a buy rating to a hold rating in a report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.92.

NASDAQ:FIVN opened at $42.05 on Thursday. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $2.47 billion, a P/E ratio of 2,102.50, a P/E/G ratio of 108.52 and a beta of 0.60. Five9 has a 12 month low of $22.55 and a 12 month high of $49.50.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $65.30 million for the quarter, compared to analysts’ expectations of $61.70 million. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. Five9’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, sell-side analysts expect that Five9 will post 0.04 EPS for the current year.

In other Five9 news, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $46.32, for a total transaction of $65,403.84. Following the sale, the executive vice president now owns 78,373 shares of the company’s stock, valued at approximately $3,630,237.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 12,913 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $42.35, for a total transaction of $546,865.55. The disclosure for this sale can be found here. Insiders have sold a total of 120,291 shares of company stock worth $4,906,721 in the last three months. Insiders own 5.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of Five9 during the 2nd quarter valued at $110,000. Great West Life Assurance Co. Can grew its position in shares of Five9 by 81.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after purchasing an additional 2,419 shares in the last quarter. Concentric Wealth Management LLC purchased a new position in shares of Five9 during the 3rd quarter valued at $208,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Five9 during the 2nd quarter valued at $214,000. Finally, Mirador Capital Partners LP purchased a new position in shares of Five9 during the 2nd quarter valued at $234,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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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