Five9 (NASDAQ:FIVN) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Five9 (NASDAQ:FIVN) from a buy rating to a hold rating in a research report released on Tuesday, ValuEngine reports.

Several other brokerages have also commented on FIVN. BidaskClub raised Five9 from a hold rating to a buy rating in a report on Thursday, November 14th. Needham & Company LLC reaffirmed a buy rating and issued a $70.00 target price on shares of Five9 in a research note on Friday, November 22nd. Zacks Investment Research upgraded shares of 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. Craig Hallum reiterated a buy rating and set a $72.00 target price (up from $68.00) on shares of Five9 in a research report on Wednesday, November 6th. Finally, Rosenblatt Securities raised shares of Five9 from a neutral rating to a buy rating and boosted their price target for the stock from $66.00 to $75.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $64.46.

Five9 stock opened at $66.90 on Tuesday. Five9 has a 52 week low of $38.61 and a 52 week high of $69.86. The business has a 50-day simple moving average of $60.53 and a 200 day simple moving average of $56.05. The company has a quick ratio of 6.09, a current ratio of 6.09 and a debt-to-equity ratio of 1.19. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 446.00, a PEG ratio of 64.31 and a beta of 0.73.

Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.20 earnings per share 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 for the quarter, compared to analyst estimates of $78.69 million. During the same period in the prior year, the company earned $0.18 EPS. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, research analysts anticipate that Five9 will post 0.11 earnings per share for the current year.

In other Five9 news, CEO Rowan M. Trollope sold 2,024 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $56.93, for a total value of $115,226.32. Following the completion of the sale, the chief executive officer now directly owns 395,456 shares of the company’s stock, valued at $22,513,310.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Ryan Kam sold 18,094 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.29, for a total transaction of $1,163,263.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,479 shares of company stock worth $7,324,740. 4.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Rhumbline Advisers increased its stake in Five9 by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 79,679 shares of the software maker’s stock worth $4,282,000 after purchasing an additional 240 shares during the period. Private Capital Group LLC increased its stake 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 worth $44,000 after buying an additional 277 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Five9 by 4.4% during the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Five9 by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,692 shares of the software maker’s stock valued at $198,000 after buying an additional 407 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Five9 by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,544 shares of the software maker’s stock valued at $2,233,000 after buying an additional 434 shares during the period.

About Five9

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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