Five9 (FIVN) Given New $55.00 Price Target at Roth Capital

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Five9 (NASDAQ:FIVN) had its price target increased by Roth Capital from $45.00 to $55.00 in a research note released on Wednesday, The Fly reports. They currently have a buy rating on the software maker’s stock.

Several other equities analysts have also recently issued reports on FIVN. BidaskClub upgraded shares of Five9 from a hold rating to a buy rating in a research note on Wednesday, August 8th. Needham & Company LLC upped their target price on shares of Five9 from $38.00 to $45.00 and gave the company a buy rating in a research note on Tuesday, August 7th. Northland Securities restated a buy rating and set a $48.00 target price on shares of Five9 in a research note on Tuesday, August 7th. Canaccord Genuity restated a buy rating and set a $42.00 target price (up previously from $34.00) on shares of Five9 in a research note on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of Five9 from a hold rating to a buy rating and set a $49.00 target price on the stock in a research note on Friday, September 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $40.92.

Five9 stock traded down $1.41 during mid-day trading on Wednesday, reaching $42.51. The stock had a trading volume of 874,870 shares, compared to its average volume of 720,770. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -250.06 and a beta of 0.59. Five9 has a one year low of $22.51 and a one year 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 6.96.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. The company had revenue of $65.30 million for the quarter, compared to analysts’ expectations of $61.70 million. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. Five9’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. On average, equities analysts expect that Five9 will post -0.05 EPS for the current fiscal year.

In other news, EVP Scott Welch sold 1,411 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $44.19, for a total transaction of $62,352.09. Following the completion of the sale, the executive vice president now owns 92,534 shares of the company’s stock, valued at approximately $4,089,077.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 6,384 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $47.62, for a total transaction of $304,006.08. Following the sale, the chief financial officer now directly owns 121,714 shares of the company’s stock, valued at approximately $5,796,020.68. The disclosure for this sale can be found here. Insiders have sold a total of 98,708 shares of company stock worth $4,296,448 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Xact Kapitalforvaltning AB increased its position in shares of Five9 by 22.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 9,895 shares of the software maker’s stock valued at $295,000 after purchasing an additional 1,800 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Five9 by 34.3% during the 1st quarter. Brown Advisory Inc. now owns 24,153 shares of the software maker’s stock valued at $720,000 after purchasing an additional 6,172 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Five9 during the 2nd quarter valued at about $214,000. Amalgamated Bank increased its position in shares of Five9 by 21.6% during the 2nd quarter. Amalgamated Bank now owns 8,678 shares of the software maker’s stock valued at $300,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Columbus Circle Investors increased its position in shares of Five9 by 14.0% during the 2nd quarter. Columbus Circle Investors now owns 675,313 shares of the software maker’s stock valued at $23,346,000 after purchasing an additional 82,824 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Five9 Company Profile

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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