Five9, Inc. (NASDAQ:FIVN) Given Consensus Rating of "Moderate Buy" by Brokerages

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-one ratings firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $43.58.

A number of research firms recently issued reports on FIVN. Jefferies Financial Group reduced their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Barclays decreased their price objective on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Mizuho reduced their target price on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th.

Insider Transactions at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares of the company's stock, valued at $4,220,390.60. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. PNC Financial Services Group Inc. increased its position in shares of Five9 by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after acquiring an additional 365 shares during the last quarter. Xponance Inc. grew its stake in Five9 by 4.4% during the 1st quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock valued at $267,000 after purchasing an additional 414 shares in the last quarter. Arizona State Retirement System grew its stake in Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after purchasing an additional 424 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Finally, State of Wyoming raised its position in shares of Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker's stock valued at $143,000 after purchasing an additional 543 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Up 1.4%

FIVN opened at $28.05 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -140.24, a PEG ratio of 9.41 and a beta of 1.23. Five9 has a one year low of $21.04 and a one year high of $53.90. The business's fifty day moving average is $26.05 and its two-hundred day moving average is $34.68.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. Analysts anticipate that Five9 will post 0.28 EPS for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.

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