Five9 (NASDAQ:FIVN) Receives "Buy" Rating from Needham & Company LLC

Five9 (NASDAQ:FIVN - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a report released on Friday,Benzinga reports. They currently have a $52.00 target price on the software maker's stock. Needham & Company LLC's target price indicates a potential upside of 24.73% from the stock's current price.

Several other equities research analysts have also issued reports on FIVN. Barclays increased their price objective on shares of Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday. Rosenblatt Securities increased their price objective on shares of Five9 from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday. Cantor Fitzgerald began coverage on shares of Five9 in a research report on Friday, January 17th. They issued an "overweight" rating and a $46.00 price objective for the company. Piper Sandler increased their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, Morgan Stanley increased their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.22.

Five9 Stock Performance

Shares of FIVN stock opened at $41.69 on Friday. Five9 has a one year low of $26.60 and a one year high of $71.43. 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 company has a 50 day moving average price of $40.57 and a 200 day moving average price of $35.89. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -83.38, a price-to-earnings-growth ratio of 9.44 and a beta of 0.93.

Five9 (NASDAQ:FIVN - Get Free Report) last issued 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 return on equity of 1.53% and a negative net margin of 3.66%. Sell-side analysts anticipate that Five9 will post 0.11 EPS for the current year.

Insider Activity

In other news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares of the company's stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 3,336 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $139,611.60. Following the completion of the transaction, the chief financial officer now directly owns 98,396 shares in the company, valued at approximately $4,117,872.60. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. Norges Bank bought a new position in shares of Five9 in the fourth quarter valued at approximately $81,280,000. Ameriprise Financial Inc. raised its stake in Five9 by 353.3% during the 4th 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 raised its stake in Five9 by 59.4% during the 4th 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. acquired a new position in Five9 during the 4th quarter valued at $51,061,000. Finally, Wellington Management Group LLP raised its stake in Five9 by 50.9% during 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 purchasing an additional 601,348 shares during the last quarter. 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.

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