Five9's (FIVN) Buy Rating Reiterated at Rosenblatt Securities

Five9 (NASDAQ:FIVN - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Rosenblatt Securities in a note issued to investors on Friday, Benzinga reports. They presently have a $80.00 price target on the software maker's stock. Rosenblatt Securities' price target indicates a potential upside of 38.22% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Five9 in a research report on Friday. Piper Sandler boosted their target price on Five9 from $84.00 to $86.00 and gave the stock an "overweight" rating in a research report on Friday, January 12th. Barclays dropped their target price on Five9 from $105.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, February 22nd. KeyCorp dropped their target price on Five9 from $93.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday, February 22nd. Finally, Morgan Stanley dropped their target price on Five9 from $80.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.88.

Five9 Price Performance

Five9 stock traded up $1.15 on Friday, reaching $57.88. The company's stock had a trading volume of 3,913,043 shares, compared to its average volume of 1,315,554. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -51.22 and a beta of 0.85. The business's fifty day moving average price is $59.98 and its 200 day moving average price is $68.46. Five9 has a twelve month low of $51.01 and a twelve month high of $92.40.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Equities analysts expect that Five9 will post -0.42 earnings per share for the current fiscal year.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 7,340 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Five9 by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker's stock worth $573,397,000 after acquiring an additional 50,540 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Five9 by 1.9% in the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker's stock worth $214,875,000 after purchasing an additional 63,200 shares during the last quarter. Sylebra Capital LLC acquired a new stake in Five9 in the third quarter valued at $129,467,000. Eagle Asset Management Inc. raised its position in Five9 by 0.8% during the 4th quarter. Eagle Asset Management Inc. now owns 1,035,554 shares of the software maker's stock worth $81,488,000 after purchasing an additional 8,231 shares during the last quarter. Finally, Norges Bank acquired a new position in Five9 during the 4th quarter worth about $79,035,000. Institutional investors and hedge funds own 96.64% of the company's stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.