Five9 (NASDAQ:FIVN) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Five9 (NASDAQ:FIVN) from a sell rating to a hold rating in a report released on Thursday.

Several other equities analysts have also recently issued reports on the company. Barclays lowered their price objective on Five9 from $95.00 to $75.00 and set an overweight rating on the stock in a research report on Thursday, July 25th. Needham & Company LLC reissued a buy rating and set a $90.00 price target on shares of Five9 in a report on Thursday, June 6th. Canaccord Genuity Group lowered their price target on Five9 from $90.00 to $75.00 and set a buy rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company lowered their price target on Five9 from $85.00 to $80.00 and set an overweight rating on the stock in a report on Monday, June 10th. Finally, Rosenblatt Securities restated a buy rating and issued a $80.00 price objective on shares of Five9 in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $65.82.

Five9 Stock Performance

FIVN stock opened at $31.22 on Thursday. The stock has a market capitalization of $2.31 billion, a PE ratio of -36.73 and a beta of 0.82. Five9 has a 12-month low of $28.75 and a 12-month high of $92.40. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. The stock’s 50 day simple moving average is $42.66 and its 200 day simple moving average is $55.11.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. As a group, research analysts forecast that Five9 will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 5,731 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $265,345.30. Following the completion of the transaction, the chief operating officer now owns 124,172 shares in the company, valued at $5,749,163.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Andy Dignan sold 5,731 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $265,345.30. Following the completion of the transaction, the chief operating officer now owns 124,172 shares in the company, valued at $5,749,163.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Daniel P. Burkland sold 2,637 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $43.55, for a total value of $114,841.35. Following the transaction, the executive now owns 130,079 shares of the company’s stock, valued at approximately $5,664,940.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,385 shares of company stock worth $2,418,755. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIVN. International Assets Investment Management LLC purchased a new position in shares of Five9 during the fourth quarter valued at about $1,684,000. Mutual of America Capital Management LLC lifted its holdings in shares of Five9 by 15.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 78,346 shares of the software maker’s stock valued at $6,165,000 after acquiring an additional 10,638 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Five9 by 9.9% in the 4th quarter. WCM Investment Management LLC now owns 295,566 shares of the software maker’s stock valued at $23,580,000 after acquiring an additional 26,533 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Five9 in the 4th quarter valued at about $966,000. Finally, Valliance Asset Management Ltd bought a new position in shares of Five9 in the 4th quarter valued at about $488,000. Hedge funds and other institutional investors 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 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.