Five9 (NASDAQ:FIVN) PT Raised to $200.00


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Five9 (NASDAQ:FIVN) had its price target hoisted by investment analysts at Northland Securities from $163.00 to $200.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the software maker’s stock. Northland Securities’ price objective suggests a potential upside of 19.92% from the stock’s current price.

A number of other brokerages also recently commented on FIVN. Craig Hallum increased their price target on Five9 from $163.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity increased their price target on Five9 from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday. BTIG Research increased their price target on Five9 from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Rosenblatt Securities increased their price target on Five9 from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, Barclays raised their target price on Five9 from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Five9 has a consensus rating of “Buy” and a consensus target price of $183.81.

Shares of NASDAQ:FIVN opened at $166.78 on Tuesday. Five9 has a 12 month low of $52.51 and a 12 month high of $194.04. The business has a 50-day moving average of $174.48 and a two-hundred day moving average of $149.94. The company has a debt-to-equity ratio of 2.46, a current ratio of 9.32 and a quick ratio of 9.32. The firm has a market capitalization of $11.00 billion, a PE ratio of -314.67 and a beta of 0.53.

Five9 (NASDAQ:FIVN) last issued its earnings results on Sunday, February 21st. The software maker reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.11. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. The company had revenue of $127.89 million during the quarter, compared to the consensus estimate of $115.27 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was up 38.6% compared to the same quarter last year. As a group, research analysts anticipate that Five9 will post -0.09 earnings per share for the current year.

In other news, President Daniel P. Burkland sold 1,149 shares of the firm’s stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $156.81, for a total value of $180,174.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rowan M. Trollope sold 23,221 shares of the firm’s stock in a transaction on Friday, December 4th. The stock was sold at an average price of $151.58, for a total value of $3,519,839.18. Following the completion of the sale, the chief executive officer now directly owns 252,017 shares of the company’s stock, valued at approximately $38,200,736.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,208 shares of company stock valued at $13,999,208. Corporate insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Five9 by 1.4% during the second quarter. Vanguard Group Inc. now owns 6,934,061 shares of the software maker’s stock valued at $355,649,000 after purchasing an additional 93,246 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Five9 by 19.3% in the third quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after acquiring an additional 1,026,191 shares during the last quarter. Mint Tower Capital Management B.V. bought a new position in shares of Five9 in the second quarter valued at approximately $15,649,000. Price T Rowe Associates Inc. MD raised its stake in shares of Five9 by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,823,600 shares of the software maker’s stock valued at $41,965,000 after acquiring an additional 257,910 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Five9 by 3.9% in the fourth quarter. BlackRock Inc. now owns 4,271,831 shares of the software maker’s stock valued at $186,762,000 after acquiring an additional 160,680 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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 digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Further Reading: Euro STOXX 50 Index

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