Five9, Inc. (NASDAQ:FIVN) has been assigned a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.43.

Several equities research analysts have issued reports on the stock. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Monday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Five9 in a research note on Friday, November 10th. ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Morgan Stanley lifted their target price on shares of Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th.

Five9 (NASDAQ:FIVN) traded down $0.36 during trading on Friday, reaching $24.15. 407,488 shares of the company were exchanged, compared to its average volume of 338,872. Five9 has a 1 year low of $12.58 and a 1 year high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. analysts forecast that Five9 will post -0.18 EPS for the current year.

In other news, EVP Daniel P. Burkland sold 4,202 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $21.03, for a total transaction of $88,368.06. Following the transaction, the executive vice president now owns 136,436 shares of the company’s stock, valued at approximately $2,869,249.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott Welch sold 3,902 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $25.30, for a total transaction of $98,720.60. Following the transaction, the executive vice president now directly owns 105,003 shares in the company, valued at approximately $2,656,575.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 838,105 shares of company stock worth $20,191,083. Corporate insiders own 9.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Whale Rock Capital Management LLC purchased a new stake in Five9 in the 2nd quarter valued at about $21,296,000. Tremblant Capital Group purchased a new stake in shares of Five9 during the third quarter worth approximately $19,544,000. Vanguard Group Inc. increased its stake in shares of Five9 by 25.5% during the second quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after buying an additional 670,939 shares during the period. Wells Fargo & Company MN increased its stake in shares of Five9 by 31.4% during the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after buying an additional 366,166 shares during the period. Finally, State Street Corp increased its stake in shares of Five9 by 49.3% during the second quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after buying an additional 293,067 shares during the period. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Five9 (NASDAQ:FIVN)

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