Five9, Inc. (NASDAQ:FIVN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $35.1875.

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Cantor Fitzgerald decreased their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Piper Sandler decreased their price objective on Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Barclays dropped their price target on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a report on Monday.

Institutional Investors Weigh In On Five9

Hedge funds have recently bought and sold shares of the business. Voss Capital LP boosted its stake in Five9 by 40.0% during the 3rd quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock valued at $110,110,000 after acquiring an additional 1,300,000 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Five9 by 14.8% during the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after buying an additional 353,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after purchasing an additional 1,996,628 shares during the period. Armistice Capital LLC raised its position in shares of Five9 by 6.5% during the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock worth $56,961,000 after buying an additional 127,793 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Five9 by 36.4% during the second quarter. Geode Capital Management LLC now owns 1,863,081 shares of the software maker’s stock worth $49,341,000 after purchasing an additional 497,344 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

FIVN stock opened at $20.74 on Friday. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.62 billion, a P/E ratio of 57.61, a PEG ratio of 1.27 and a beta of 1.35. Five9 has a twelve month low of $17.71 and a twelve month high of $49.90. The business has a 50 day simple moving average of $21.62 and a 200-day simple moving average of $25.00.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The firm had revenue of $283.27 million during the quarter. As a group, equities analysts anticipate that Five9 will post 0.28 EPS for the current year.

Five9 declared that its board has authorized a share buyback program on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Five9 Company Profile

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.