Five9 (NASDAQ:FIVN) Given "Buy" Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Five9 (NASDAQ:FIVN - Free Report) in a research note released on Friday morning,Benzinga reports. Rosenblatt Securities currently has a $58.00 target price on the software maker's stock.

Other analysts also recently issued research reports about the company. Needham & Company LLC restated a "buy" rating and issued a $52.00 target price on shares of Five9 in a research report on Friday, April 4th. Royal Bank of Canada restated an "outperform" rating and issued a $65.00 price objective on shares of Five9 in a report on Wednesday, March 19th. Piper Sandler increased 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 boosted their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. Finally, Truist Financial reaffirmed a "buy" rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.76.

Five9 Price Performance

FIVN stock traded up $2.41 during midday trading on Friday, reaching $23.95. The company had a trading volume of 984,121 shares, compared to its average volume of 1,582,302. The firm has a 50-day moving average price of $34.07 and a 200-day moving average price of $35.57. The company has a market capitalization of $1.82 billion, a P/E ratio of -115.64, a P/E/G ratio of 9.41 and a beta of 1.29. Five9 has a 1 year low of $21.05 and a 1 year high of $63.30. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. On average, research analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Five9

In other 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 sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction 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 approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several hedge funds have recently added to or reduced their stakes in FIVN. Gagnon Securities LLC increased its stake in Five9 by 10.4% during the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after purchasing an additional 34,597 shares in the last quarter. Vestcor Inc boosted its stake in Five9 by 42.9% during the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock valued at $1,437,000 after purchasing an additional 15,000 shares during the last quarter. Barclays PLC raised its stake in shares of Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after purchasing an additional 165,487 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Five9 during the fourth quarter valued at $268,000. Finally, Bullseye Asset Management LLC raised its position in Five9 by 13.7% in the 3rd quarter. Bullseye Asset Management LLC now owns 103,768 shares of the software maker's stock worth $2,981,000 after buying an additional 12,500 shares during 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.