Five9's (FIVN) Buy Rating Reaffirmed at Needham & Company LLC

Five9 (NASDAQ:FIVN - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports. They presently have a $52.00 price objective on the software maker's stock. Needham & Company LLC's target price would suggest a potential upside of 117.13% from the stock's previous close.

A number of other brokerages have also commented on FIVN. Rosenblatt Securities reiterated a "buy" rating and set a $58.00 price target on shares of Five9 in a report on Thursday, March 20th. William Blair reiterated an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Cantor Fitzgerald increased their price target on Five9 from $46.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Piper Sandler lifted their price objective on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Truist Financial reiterated a "buy" rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Five9 has a consensus rating of "Moderate Buy" and an average price target of $56.76.

Five9 Price Performance

FIVN stock traded up $2.41 during trading on Friday, reaching $23.95. 984,121 shares of the company were exchanged, compared to its average volume of 1,582,302. Five9 has a twelve month low of $21.05 and a twelve month 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. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -115.64, a P/E/G ratio of 9.41 and a beta of 1.29. The company has a 50-day moving average of $34.07 and a two-hundred day moving average of $35.57.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly 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). The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, equities analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Five9

In related news, 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 transaction of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares in the company, valued at approximately $6,453,299.23. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were 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 in the company, 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 a total of 29,574 shares of company stock valued at $1,004,346 over the last 90 days. Insiders own 1.80% of the company's stock.

Institutional Trading of Five9

Several hedge funds have recently made changes to their positions in FIVN. PNC Financial Services Group Inc. lifted its holdings in Five9 by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock valued at $156,000 after purchasing an additional 365 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after buying an additional 424 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares during the period. Xponance Inc. grew its stake in Five9 by 6.1% in the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock valued at $383,000 after buying an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Five9 by 1.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock valued at $1,325,000 after buying an additional 590 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

About Five9

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.