Royal Bank of Canada Reiterates Outperform Rating for Five9 (NASDAQ:FIVN)

Royal Bank of Canada restated their outperform rating on shares of Five9 (NASDAQ:FIVN - Free Report) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $65.00 price target on the software maker's stock.

Several other research analysts have also commented on FIVN. William Blair reaffirmed an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Rosenblatt Securities upped their target price on shares of Five9 from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Barclays upped their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Piper Sandler upped their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $56.76.

Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.51 during midday trading on Wednesday, hitting $30.14. The company's stock had a trading volume of 1,318,687 shares, compared to its average volume of 1,530,124. Five9 has a 1-year low of $26.60 and a 1-year high of $63.79. The firm's fifty day moving average price is $37.28 and its 200-day moving average price is $35.79. 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 has a market cap of $2.28 billion, a P/E ratio of -150.69, a P/E/G ratio of 9.41 and a beta of 1.01.

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Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. On average, sell-side analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Insider Activity

In related news, COO Andy Dignan sold 2,840 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares of the company's stock, valued at $6,453,299.23. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction that occurred 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 directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,874 shares of company stock worth $985,446 over the last three months. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Five9

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Norges Bank acquired a new stake in Five9 during the fourth quarter valued at approximately $81,280,000. Ameriprise Financial Inc. lifted its stake in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after purchasing an additional 1,867,137 shares during the last quarter. Sylebra Capital LLC lifted its stake in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Five9 in the 4th quarter valued at approximately $51,061,000. Finally, Wellington Management Group LLP lifted its position in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after acquiring an additional 601,348 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.