Five9 (NASDAQ:FIVN) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Five9 (NASDAQ:FIVN) from a hold rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

A number of other equities analysts have also commented on FIVN. Zacks Investment Research lowered shares of Five9 from a buy rating to a hold rating in a research report on Monday, August 12th. Dougherty & Co upgraded shares of Five9 from a neutral rating to a buy rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Five9 from a neutral rating to an overweight rating and boosted their price target for the company from $59.00 to $70.00 in a research report on Thursday, August 1st. KeyCorp restated a hold rating on shares of Five9 in a research report on Wednesday, July 31st. Finally, Canaccord Genuity boosted their price target on shares of Five9 from $60.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Five9 currently has a consensus rating of Hold and an average price target of $58.83.

NASDAQ:FIVN opened at $58.00 on Tuesday. The firm has a market cap of $3.44 billion, a PE ratio of 386.67, a price-to-earnings-growth ratio of 137.33 and a beta of 0.58. Five9 has a 12 month low of $34.66 and a 12 month high of $65.45. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $60.32 and its two-hundred day moving average price is $53.47.



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

In other Five9 news, Director Michael Burkland sold 44,383 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $59.48, for a total value of $2,639,900.84. Following the completion of the transaction, the director now directly owns 67,120 shares of the company’s stock, valued at $3,992,297.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $48.28, for a total transaction of $724,200.00. Following the completion of the transaction, the president now directly owns 184,722 shares of the company’s stock, valued at $8,918,378.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 277,313 shares of company stock valued at $16,110,875. Insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FIVN. Nuveen Asset Management LLC bought a new position in shares of Five9 in the second quarter worth about $44,653,000. Wasatch Advisors Inc. raised its stake in shares of Five9 by 39.1% in the first quarter. Wasatch Advisors Inc. now owns 2,468,724 shares of the software maker’s stock worth $130,423,000 after acquiring an additional 694,494 shares during the last quarter. Riverbridge Partners LLC bought a new position in shares of Five9 in the second quarter worth about $28,158,000. First Trust Advisors LP raised its stake in shares of Five9 by 435.6% in the second quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock worth $22,501,000 after acquiring an additional 356,792 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Five9 by 300.2% in the first quarter. Federated Investors Inc. PA now owns 369,543 shares of the software maker’s stock worth $19,523,000 after acquiring an additional 277,198 shares during the last quarter.

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 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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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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