Five9 (NASDAQ:FIVN) Hits New 12-Month High at $64.36

Five9 Inc (NASDAQ:FIVN) reached a new 52-week high during trading on Monday . The stock traded as high as $64.36 and last traded at $62.28, with a volume of 713277 shares traded. The stock had previously closed at $63.54.

FIVN has been the subject of several recent analyst reports. Summit Insights upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Stephens restated a “hold” rating and issued a $53.00 target price on shares of Five9 in a research report on Monday, April 29th. Bank of America restated an “underperform” rating and issued a $39.00 target price (up previously from $33.00) on shares of Five9 in a research report on Thursday, May 2nd. JPMorgan Chase & Co. upgraded shares of Five9 from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $59.00 to $70.00 in a research report on Thursday, August 1st. Finally, KeyCorp restated a “hold” rating on shares of Five9 in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Five9 currently has an average rating of “Buy” and an average price target of $57.55.

The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 425.27, a price-to-earnings-growth ratio of 195.51 and a beta of 0.56. The firm’s 50 day moving average is $54.72 and its 200 day moving average is $52.47. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 1.27.



Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.07. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The business had revenue of $77.44 million during the quarter, compared to analyst estimates of $72.42 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 26.7% on a year-over-year basis. On average, sell-side analysts predict that Five9 Inc will post 0.03 earnings per share for the current year.

In related news, CFO Barry Zwarenstein sold 7,663 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $61.47, for a total value of $471,044.61. Following the completion of the sale, the chief financial officer now owns 112,764 shares in the company, valued at approximately $6,931,603.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Daniel P. Burkland sold 5,739 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.59, for a total transaction of $267,380.01. Following the completion of the sale, the president now owns 169,722 shares of the company’s stock, valued at approximately $7,907,347.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,341 shares of company stock valued at $19,493,423. Company insiders own 4.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC lifted its position in shares of Five9 by 1,008.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock valued at $27,000 after acquiring an additional 504 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in shares of Five9 in the 1st quarter valued at approximately $30,000. Pearl River Capital LLC purchased a new stake in shares of Five9 in the 1st quarter valued at approximately $32,000. NEXT Financial Group Inc purchased a new stake in shares of Five9 in the 2nd quarter valued at approximately $39,000. Finally, Dorsey Wright & Associates increased its stake in Five9 by 33.3% in the 2nd quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock valued at $40,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Five9 Company Profile (NASDAQ:FIVN)

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 omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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