Five9 (NASDAQ:FIVN) Receives “Outperform” Rating from William Blair

William Blair reissued their outperform rating on shares of Five9 (NASDAQ:FIVN) in a report released on Friday morning,RTT News reports.

A number of other analysts also recently issued reports on FIVN. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Friday. Robert W. Baird lifted their target price on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. 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. Piper Sandler raised their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday. Finally, Rosenblatt Securities upped their price objective on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Friday. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Stock Performance

NASDAQ:FIVN opened at $42.09 on Friday. The stock has a 50-day moving average price of $40.57 and a 200 day moving average price of $35.89. The stock has a market capitalization of $3.17 billion, a P/E ratio of -84.18, a P/E/G ratio of 9.44 and a beta of 0.93. Five9 has a 12-month low of $26.60 and a 12-month high of $65.71. 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) 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). The business had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. Equities research analysts forecast that Five9 will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Five9 news, CFO Barry Zwarenstein sold 3,336 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $139,611.60. Following the completion of the sale, the chief financial officer now owns 98,396 shares of the company’s stock, valued at $4,117,872.60. This trade represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the business’s 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,004 shares of company stock valued at $1,209,279. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Several hedge funds have recently bought and sold shares of FIVN. Signaturefd LLC lifted its position in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the last quarter. Lindbrook Capital LLC increased its stake 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. Banque Transatlantique SA bought a new stake in Five9 during the 4th quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter valued at about $47,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares during the period. Institutional investors own 96.64% of the company’s stock.

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.