Five9 (NASDAQ:FIVN) Lifted to Buy at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Five9 (NASDAQ:FIVN) from a neutral rating to a buy rating in a report issued on Wednesday morning, Briefing.com Automated Import reports. Rosenblatt Securities currently has $75.00 target price on the software maker’s stock, up from their previous target price of $66.00.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Five9 from a hold rating to a buy rating and set a $68.00 price objective for the company in a report on Monday, November 11th. Guggenheim started coverage on Five9 in a report on Thursday, September 26th. They set a buy rating and a $70.00 price objective for the company. KeyCorp restated a hold rating on shares of Five9 in a report on Wednesday, July 31st. JPMorgan Chase & Co. upgraded Five9 from a neutral rating to an overweight rating and boosted their price objective for the stock from $59.00 to $70.00 in a report on Thursday, August 1st. Finally, Dougherty & Co upgraded Five9 from a neutral rating to a buy rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. Five9 has an average rating of Buy and an average target price of $64.46.

Shares of FIVN traded up $2.09 during midday trading on Wednesday, hitting $65.41. The stock had a trading volume of 732,200 shares, compared to its average volume of 688,715. Five9 has a twelve month low of $35.37 and a twelve month high of $65.58. The company has a debt-to-equity ratio of 1.19, a current ratio of 6.09 and a quick ratio of 6.09. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 436.07, a price-to-earnings-growth ratio of 59.74 and a beta of 0.66. The company has a 50 day simple moving average of $56.17 and a two-hundred day simple moving average of $54.62.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Five9 had a positive return on equity of 7.91% and a negative net margin of 0.54%. The business had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $78.69 million. During the same quarter last year, the company posted $0.18 earnings per share. Five9’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts forecast that Five9 will post 0.11 EPS for the current fiscal year.

In other news, CEO Rowan M. Trollope sold 27,010 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $62.08, for a total value of $1,676,780.80. Following the completion of the sale, the chief executive officer now directly owns 397,480 shares in the company, valued at $24,675,558.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scott Welch sold 17,348 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $62.06, for a total transaction of $1,076,616.88. Following the completion of the sale, the executive vice president now owns 66,337 shares of the company’s stock, valued at $4,116,874.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 150,585 shares of company stock valued at $8,742,761. 4.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates raised its position in shares of Five9 by 33.3% in the second quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock valued at $40,000 after buying an additional 197 shares in the last quarter. Rhumbline Advisers raised its position in shares of Five9 by 0.3% in the third quarter. Rhumbline Advisers now owns 79,679 shares of the software maker’s stock valued at $4,282,000 after buying an additional 240 shares in the last quarter. Private Capital Group LLC raised its position in shares of Five9 by 27.5% in the second quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock valued at $44,000 after buying an additional 277 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Five9 by 4.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,213 shares of the software maker’s stock valued at $426,000 after buying an additional 348 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Five9 by 12.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,692 shares of the software maker’s stock valued at $198,000 after purchasing an additional 407 shares in 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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