Five9 (NASDAQ:FIVN) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

FIVN has been the topic of a number of other research reports. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Friday, September 28th. Roth Capital increased their price objective on Five9 from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Dougherty & Co assumed coverage on Five9 in a report on Tuesday, October 16th. They set a “hold” rating on the stock. Stephens assumed coverage on Five9 in a report on Thursday, January 3rd. They set an “equal weight” rating and a $48.00 price objective on the stock. Finally, Morgan Stanley raised Five9 from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $54.00 in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.54.

Shares of NASDAQ FIVN traded down $0.64 during trading on Thursday, reaching $46.38. 584,081 shares of the stock traded hands, compared to its average volume of 833,688. Five9 has a 52-week low of $23.10 and a 52-week high of $49.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 6.95 and a quick ratio of 6.95. The stock has a market capitalization of $2.73 billion, a PE ratio of -272.82, a P/E/G ratio of 105.66 and a beta of 0.53.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The firm had revenue of $65.30 million for the quarter, compared to analysts’ expectations of $61.70 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities analysts expect that Five9 will post 0.04 EPS for the current fiscal year.

In other Five9 news, EVP Scott Welch sold 1,031 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $37.47, for a total value of $38,631.57. Following the transaction, the executive vice president now directly owns 77,992 shares in the company, valued at approximately $2,922,360.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Barry Zwarenstein sold 8,500 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $42.53, for a total value of $361,505.00. Following the completion of the transaction, the chief financial officer now owns 98,953 shares in the company, valued at $4,208,471.09. The disclosure for this sale can be found here. Insiders have sold a total of 117,040 shares of company stock worth $4,681,634 in the last three months. 5.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Five9 by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,063 shares of the software maker’s stock worth $11,275,000 after acquiring an additional 60,250 shares during the last quarter. EULAV Asset Management bought a new position in Five9 in the 3rd quarter worth about $1,197,000. Vanguard Group Inc increased its stake in Five9 by 19.3% in the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after acquiring an additional 1,026,191 shares during the last quarter. Raymond James & Associates bought a new position in Five9 in the 2nd quarter worth about $335,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Five9 by 6.9% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,625 shares of the software maker’s stock worth $2,430,000 after acquiring an additional 3,570 shares during the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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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