Five9 (NASDAQ:FIVN) Trading Up 5.7% After Analyst Upgrade

Five9, Inc. (NASDAQ:FIVN - Get Free Report)'s share price was up 5.7% on Monday after Royal Bank of Canada raised their price target on the stock from $30.00 to $35.00. Royal Bank of Canada currently has an outperform rating on the stock. Five9 traded as high as $26.00 and last traded at $26.25. Approximately 179,244 shares changed hands during trading, a decline of 89% from the average daily volume of 1,644,064 shares. The stock had previously closed at $24.83.

A number of other equities analysts have also commented on FIVN. Morgan Stanley cut their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Barclays upped their target price on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Wells Fargo & Company lowered their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Evercore ISI decreased their target price on Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC cut their price target on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Insider Activity

In other news, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares in the company, valued at $6,453,299.23. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock valued at $1,004,346 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Five9

A number of large investors have recently bought and sold shares of the company. Sylebra Capital LLC grew its stake in shares of Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after acquiring an additional 1,396,496 shares during the period. Ameriprise Financial Inc. boosted its position in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock worth $97,356,000 after purchasing an additional 1,867,137 shares during the period. Van Berkom & Associates Inc. boosted its position in Five9 by 14.2% during the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after purchasing an additional 266,484 shares during the period. Norges Bank bought a new stake in shares of Five9 in the fourth quarter valued at approximately $81,280,000. Finally, Wellington Management Group LLP lifted its stake in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after buying an additional 601,348 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Up 1.4 %

The company has a market capitalization of $1.92 billion, a PE ratio of -125.94, a PEG ratio of 9.41 and a beta of 1.23. 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 stock's 50 day moving average is $26.74 and its 200 day moving average is $34.74.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same period in the previous year, the company posted $0.48 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Five9, Inc. 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.