Five9, Inc. (NASDAQ:FIVN) Given a $25.00 Price Target at Northland Securities
Five9, Inc. (NASDAQ:FIVN) has been assigned a $25.00 target price by research analysts at Northland Securities in a report released on Wednesday. The firm currently has a “buy” rating on the software maker’s stock. Northland Securities’ price objective would indicate a potential upside of 11.31% from the company’s previous close.
Several other research firms also recently issued reports on FIVN. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 4th. BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Five9 in a report on Monday, May 1st. Pacific Crest reaffirmed a “buy” rating and set a $22.00 price objective on shares of Five9 in a report on Thursday, May 4th. Finally, Morgan Stanley began coverage on Five9 in a report on Tuesday, April 11th. They set an “equal weight” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.13.
Five9 (NASDAQ FIVN) traded up 0.13% during mid-day trading on Wednesday, hitting $22.46. The stock had a trading volume of 316,814 shares. Five9 has a 1-year low of $11.90 and a 1-year high of $24.80. The firm’s market cap is $1.22 billion. The stock has a 50 day moving average of $22.37 and a 200-day moving average of $18.78.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, May 3rd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The firm had revenue of $47.01 million for the quarter, compared to the consensus estimate of $44.67 million. During the same quarter in the prior year, the business earned ($0.05) EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts predict that Five9 will post ($0.02) EPS for the current fiscal year.
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In other news, EVP Gaurav Passi sold 75,046 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $21.44, for a total value of $1,608,986.24. Following the transaction, the executive vice president now owns 132,980 shares of the company’s stock, valued at approximately $2,851,091.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel P. Burkland sold 10,000 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $22.35, for a total value of $223,500.00. Following the completion of the transaction, the executive vice president now directly owns 173,498 shares in the company, valued at approximately $3,877,680.30. The disclosure for this sale can be found here. In the last three months, insiders sold 227,107 shares of company stock worth $4,959,166. 9.10% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oxford Asset Management bought a new position in Five9 during the first quarter worth $174,000. potrero capital research llc bought a new position in Five9 during the first quarter worth $227,000. KCG Holdings Inc. bought a new position in Five9 during the first quarter worth $236,000. Tower Research Capital LLC TRC increased its position in Five9 by 2,581.2% in the first quarter. Tower Research Capital LLC TRC now owns 18,795 shares of the software maker’s stock worth $309,000 after buying an additional 18,094 shares during the period. Finally, Jane Street Group LLC bought a new position in Five9 during the first quarter worth $324,000. 91.92% of the stock is currently owned by institutional investors.
Five9 Company Profile
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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