Wall Street Zen Upgrades Five9 (NASDAQ:FIVN) to Strong-Buy

Five9 (NASDAQ:FIVN) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on FIVN. Morgan Stanley set a $30.00 price objective on Five9 in a research note on Tuesday, October 21st. Zacks Research cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company decreased their price target on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Cantor Fitzgerald dropped their price objective on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, Barclays cut their target price on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $35.19.

Five9 Stock Performance

Shares of FIVN opened at $20.65 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 1.28 and a beta of 1.35. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $21.53 and its two-hundred day moving average is $24.94. Five9 has a 52-week low of $17.71 and a 52-week high of $49.90.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. Analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Five9 announced that its Board of Directors has approved a stock repurchase plan on Tuesday, November 11th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Five9

In other Five9 news, EVP Panos Kozanian sold 10,858 shares of Five9 stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.42, for a total transaction of $221,720.36. Following the sale, the executive vice president owned 94,457 shares of the company’s stock, valued at $1,928,811.94. The trade was a 10.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bryan M. Lee sold 13,219 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $269,006.65. Following the completion of the transaction, the chief financial officer directly owned 224,269 shares of the company’s stock, valued at approximately $4,563,874.15. The trade was a 5.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 66,739 shares of company stock valued at $1,364,010. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Several institutional investors have recently bought and sold shares of FIVN. Voss Capital LP raised its stake in shares of Five9 by 211.4% in the 2nd quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock worth $86,060,000 after buying an additional 2,206,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock worth $72,745,000 after acquiring an additional 1,996,628 shares during the period. Norges Bank bought a new stake in Five9 in the second quarter worth about $39,056,000. Federated Hermes Inc. raised its position in Five9 by 124,372.3% in the second quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock worth $21,984,000 after acquiring an additional 829,563 shares in the last quarter. Finally, Anson Funds Management LP lifted its holdings in Five9 by 98.5% in the 3rd quarter. Anson Funds Management LP now owns 1,534,272 shares of the software maker’s stock valued at $37,129,000 after acquiring an additional 761,486 shares during the last quarter. 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.