Five9 (NASDAQ:FIVN) Raised to "Strong-Buy" at KeyCorp

KeyCorp upgraded shares of Five9 (NASDAQ:FIVN - Free Report) to a strong-buy rating in a research note published on Thursday morning, Marketbeat reports.

Several other research analysts have also issued reports on FIVN. Evercore ISI reduced their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC reduced their price target on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. UBS Group dropped their price objective on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Barclays dropped 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. Finally, Royal Bank of Canada raised their price objective on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.15.

Five9 Trading Up 2.1%

FIVN traded up $0.60 during mid-day trading on Thursday, reaching $29.15. The stock had a trading volume of 2,017,687 shares, compared to its average volume of 1,693,202. The stock has a market capitalization of $2.22 billion, a P/E ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.20. 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 firm's fifty day simple moving average is $25.42 and its two-hundred day simple moving average is $33.82. Five9 has a 52 week low of $21.04 and a 52 week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last posted 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. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same period last year, the company earned $0.48 EPS. The firm's revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Five9 will post 0.28 EPS for the current year.

Insider Activity

In other news, CFO Bryan M. Lee sold 1,798 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the transaction, the chief financial officer now owns 126,468 shares in the company, valued at $3,576,515.04. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at $1,424,383. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,701 shares of company stock worth $968,851 in the last quarter. Corporate insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP bought a new position in Five9 during the fourth quarter worth about $287,000. Royal Bank of Canada grew its holdings in Five9 by 6.0% during the fourth quarter. Royal Bank of Canada now owns 369,001 shares of the software maker's stock worth $14,997,000 after purchasing an additional 20,775 shares during the period. Principal Financial Group Inc. bought a new position in Five9 during the fourth quarter worth about $268,000. Steward Partners Investment Advisory LLC grew its holdings in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares during the period. Finally, Choreo LLC bought a new position in Five9 during the fourth quarter worth about $408,000. Institutional investors own 96.64% of the company's stock.

Five9 Company Profile

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.