Five9’s (FIVN) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Five9 (NASDAQ:FIVN) in a research note released on Monday,Benzinga reports. Needham & Company LLC currently has a $52.00 price target on the software maker’s stock.

Other equities research analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Cantor Fitzgerald upped their price target on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, William Blair reissued an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $56.76.

Five9 Stock Performance

FIVN opened at $30.21 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -151.04, a PEG ratio of 9.41 and a beta of 1.01. Five9 has a 52-week low of $26.60 and a 52-week high of $63.79. The firm’s fifty day simple moving average is $37.61 and its two-hundred day simple moving average is $35.77.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Equities analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,874 shares of company stock worth $985,446. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new stake in Five9 in the fourth quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 during the fourth quarter valued at about $47,000. Steward Partners Investment Advisory LLC raised its stake in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Five9 during the third quarter worth about $95,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

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.