Guggenheim Raises Five9 (NASDAQ:FIVN) Price Target to $80.00

Five9 (NASDAQ:FIVN) had its target price lifted by investment analysts at Guggenheim from $70.00 to $80.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the software maker’s stock. Guggenheim’s price target indicates a potential upside of 20.97% from the company’s current price.

Several other research firms have also weighed in on FIVN. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Five9 in a research note on Friday, November 22nd. BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Monday, November 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price target (up from $65.00) on shares of Five9 in a research note on Wednesday, November 6th. Finally, Craig Hallum reiterated a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Five9 in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $65.23.

Shares of Five9 stock opened at $66.13 on Monday. The firm has a fifty day moving average of $61.16 and a two-hundred day moving average of $56.30. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 440.87, a PEG ratio of 62.98 and a beta of 0.73. Five9 has a 52 week low of $38.61 and a 52 week high of $69.86. The company has a debt-to-equity ratio of 1.19, a quick ratio of 6.09 and a current ratio of 6.09.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $83.77 million for the quarter, compared to the consensus estimate of $78.69 million. During the same quarter in the prior year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, research analysts forecast that Five9 will post 0.11 EPS for the current fiscal year.

In related news, President Daniel P. Burkland sold 19,505 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $66.13, for a total transaction of $1,289,865.65. Also, EVP James B. Doran sold 491 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.87, for a total value of $31,851.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,984 shares of company stock valued at $8,614,605. Insiders own 4.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC increased its position in shares of Five9 by 1,008.0% during the second quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock worth $27,000 after acquiring an additional 504 shares in the last quarter. Private Capital Group LLC increased its holdings in Five9 by 27.5% during the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after purchasing an additional 277 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in shares of Five9 in the 3rd quarter valued at about $64,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Five9 in the 3rd quarter valued at about $107,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Five9 in the 3rd quarter valued at about $107,000.

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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