Five9 (FIVN) Lifted to Strong-Buy at ValuEngine

Five9 (NASDAQ:FIVN) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday, May 2nd.

Several other equities research analysts have also recently commented on FIVN. Morgan Stanley boosted their target price on Five9 from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, April 27th. BidaskClub raised Five9 from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Roth Capital reaffirmed a “buy” rating on shares of Five9 in a report on Thursday, February 22nd. KeyCorp reaffirmed an “equal weight” rating on shares of Five9 in a report on Thursday, March 15th. Finally, Barclays reiterated an “equal weight” rating and set a $28.00 price objective (up from $27.00) on shares of Five9 in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $28.67.

Five9 traded up $0.70, reaching $31.85, during midday trading on Wednesday, MarketBeat reports. The company had a trading volume of 9,711 shares, compared to its average volume of 424,337. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.50. Five9 has a fifty-two week low of $29.75 and a fifty-two week high of $30.07. The company has a market cap of $1.76 billion, a P/E ratio of -183.24 and a beta of 0.15.



Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $58.91 million for the quarter, compared to analysts’ expectations of $55.12 million. Five9 had a negative return on equity of 13.23% and a negative net margin of 2.04%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. analysts expect that Five9 will post -0.14 EPS for the current fiscal year.

In other news, CEO Barry Zwarenstein sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $29.67, for a total transaction of $148,350.00. Following the completion of the transaction, the chief executive officer now owns 196,544 shares of the company’s stock, valued at $5,831,460.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Burkland sold 227,341 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $30.89, for a total transaction of $7,022,563.49. Following the transaction, the director now directly owns 265,310 shares of the company’s stock, valued at approximately $8,195,425.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 613,048 shares of company stock valued at $18,053,851. 5.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Five9 in the first quarter valued at about $175,000. Fortaleza Asset Management Inc. bought a new stake in Five9 during the fourth quarter worth about $157,000. ETRADE Capital Management LLC bought a new stake in Five9 during the first quarter worth about $208,000. K.J. Harrison & Partners Inc bought a new stake in Five9 during the first quarter worth about $209,000. Finally, Silvant Capital Management LLC bought a new stake in Five9 during the first quarter worth about $214,000. 89.17% of the stock is currently owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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