Five9 (NASDAQ:FIVN) Receives "Buy" Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. Rosenblatt Securities currently has a $36.00 price target on the software maker's stock.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. William Blair reiterated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Morgan Stanley cut their price objective on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Evercore ISI decreased their target price on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Five9 Stock Performance

FIVN traded up $0.38 during mid-day trading on Tuesday, reaching $28.05. 1,252,042 shares of the company traded hands, compared to its average volume of 1,666,609. The company's fifty day moving average price is $26.05 and its 200-day moving average price is $34.65. The stock has a market capitalization of $2.14 billion, a P/E ratio of -140.24, a P/E/G ratio of 9.41 and a beta of 1.23. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 52-week low of $21.04 and a 52-week high of $53.90.

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

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the transaction, the chief operating officer now owns 194,201 shares in the company, valued at approximately $6,453,299.23. This represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

Several large investors have recently modified their holdings of the business. Norges Bank purchased a new position in Five9 during the fourth quarter valued at approximately $81,280,000. Ameriprise Financial Inc. increased its holdings in shares of Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after acquiring an additional 1,867,137 shares during the period. Sylebra Capital LLC raised its position in shares of Five9 by 59.4% in 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 in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Five9 in the 4th quarter worth $51,061,000. Finally, Voss Capital LP bought a new stake in Five9 during the first quarter valued at about $28,340,000. 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.