Rosenblatt Securities Reiterates Buy Rating for Five9 (NASDAQ:FIVN)

Five9 (NASDAQ:FIVN - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They presently have a $36.00 price target on the software maker's stock. Rosenblatt Securities' target price would suggest a potential upside of 42.01% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler boosted their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Morgan Stanley dropped their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company reduced 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. Needham & Company LLC reissued a "buy" rating and issued a $52.00 price target on shares of Five9 in a report on Friday, April 4th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.58.

Five9 Stock Performance

Shares of FIVN stock traded up $0.52 during trading hours on Friday, hitting $25.35. 461,336 shares of the company were exchanged, compared to its average volume of 1,649,320. Five9 has a 52-week low of $21.04 and a 52-week high of $57.33. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $26.96 and a 200 day simple moving average of $34.80. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -126.62, a P/E/G ratio of 9.41 and a beta of 1.23.

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 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 company had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA purchased a new position in Five9 during the fourth quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 during the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC grew its position in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after buying an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after acquiring an additional 2,571 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

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.