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

Five9 (NASDAQ:FIVN - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $58.00 price objective on the software maker's stock. Rosenblatt Securities' price objective would indicate a potential upside of 87.88% from the company's previous close.

A number of other research analysts also recently commented on the stock. Barclays boosted their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Piper Sandler lifted their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Cantor Fitzgerald upped their price target on shares of Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and set a $65.00 price objective on shares of Five9 in a research report on Wednesday, March 19th. Finally, Morgan Stanley boosted their target price on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.76.

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Five9 Stock Up 2.4 %

NASDAQ:FIVN traded up $0.73 during trading hours on Thursday, hitting $30.87. 1,402,208 shares of the stock traded hands, compared to its average volume of 1,529,612. The firm has a 50 day moving average price of $37.14 and a 200 day moving average price of $35.79. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -154.34, a PEG ratio of 9.41 and a beta of 1.01. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share 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 for the quarter, compared to analyst estimates of $267.70 million. Equities research analysts anticipate that Five9 will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares of the company's stock, valued at $14,396,515.28. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares in the company, valued at approximately $6,453,299.23. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,874 shares of company stock valued at $985,446. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its position in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock worth $47,919,000 after acquiring an additional 210,836 shares during the period. Gagnon Securities LLC increased its holdings in shares of Five9 by 10.4% during the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock worth $14,878,000 after purchasing an additional 34,597 shares during the period. Vestcor Inc raised its position in shares of Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock valued at $1,437,000 after buying an additional 15,000 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock valued at $21,891,000 after buying an additional 98,543 shares during the period. Finally, Barclays PLC lifted 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 valued at $6,956,000 after buying an additional 165,487 shares during the period. 96.64% of the stock is currently 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.