Investment Analysts’ Weekly Ratings Updates for Five9 (FIVN)

A number of firms have modified their ratings and price targets on shares of Five9 (NASDAQ: FIVN) recently:

  • 5/9/2019 – Five9 was upgraded by analysts at Summit Insights from a “hold” rating to a “buy” rating.
  • 5/2/2019 – Five9 had its “underperform” rating reaffirmed by analysts at Bank of America Corp. They now have a $39.00 price target on the stock, up previously from $33.00.
  • 5/2/2019 – Five9 had its “hold” rating reaffirmed by analysts at KeyCorp. They wrote, “Weight. We remain impressed by Five9’s solid execution, strong product strategy, expanding leadership team, and favorable secular tailwinds with a $24B contact center TAM that is in the midst of a multi-year transformation to cloud and AI. That said, investor optimism appears partially reflected at 9x CY20 EV/S vs. the peer group average at 8.2x.””
  • 5/2/2019 – Five9 had its “buy” rating reaffirmed by analysts at Northland Securities. They wrote, “We believe there is significant follow on business potential to these engagements as well, and on the Cable side the company recognized a $10M+ deal in Q418 with potential for further DAA traction in 2019. Finally while strategic 5G core engagements with large Teri 1 carriers are likely to take longer to play out, we believe decisions on these deals could well be a 2019 event.””
  • 5/1/2019 – Five9 was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California. “
  • 4/29/2019 – Five9 was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California. “
  • 4/29/2019 – Five9 had its “hold” rating reaffirmed by analysts at Stephens. They now have a $53.00 price target on the stock. They wrote, “We still see upside to FY19 rev. guidance, now 17% growth YoY at mid-pt, as FIVN is coming off 29% YoY growth in FY18. However, we remain Equal-Weight/Vol. on valuation (10.8x CY19 EV/sales vs. CaaS peers at 5.7x) and an intensifying competitive environment. KEY Key Metrics Stephens Consensus Actual vs. Street Revenue ($ mil.) 71.0 70.8 74.5 5.2% ($ mil.) 70.0 70.8 72.5 2.4% ($ mil.) 301.0 300.8 305.5 1.5% FactSet Research Systems, Company Reports, Stephens Inc. FIVN Results vs. GuidanceStephens Inc.””
  • 4/11/2019 – Five9 was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California. “
  • 4/10/2019 – Five9 was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California. “
  • 4/5/2019 – Five9 was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of Five9 stock traded down $1.45 during mid-day trading on Thursday, reaching $49.61. 47,579 shares of the stock were exchanged, compared to its average volume of 651,691. The stock has a market capitalization of $3.05 billion, a P/E ratio of 330.73 and a beta of 0.59. The company has a quick ratio of 6.12, a current ratio of 6.12 and a debt-to-equity ratio of 1.37. Five9 Inc has a fifty-two week low of $31.64 and a fifty-two week high of $57.90.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The firm had revenue of $74.54 million during the quarter, compared to analysts’ expectations of $70.81 million. Five9 had a negative net margin of 0.56% and a positive return on equity of 8.35%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. On average, equities analysts anticipate that Five9 Inc will post -0.03 earnings per share for the current year.

In other news, Director Michael Burkland sold 300,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $49.98, for a total value of $14,994,000.00. Following the transaction, the director now owns 101,821 shares of the company’s stock, valued at approximately $5,089,013.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 10,898 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.76, for a total transaction of $585,876.48. Following the completion of the transaction, the chief financial officer now directly owns 125,405 shares in the company, valued at approximately $6,741,772.80. The disclosure for this sale can be found here. Insiders sold a total of 649,932 shares of company stock valued at $33,488,705 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware raised its holdings in shares of Five9 by 27.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 989 shares of the software maker’s stock valued at $52,000 after purchasing an additional 216 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Five9 by 0.6% during the first quarter. Envestnet Asset Management Inc. now owns 43,110 shares of the software maker’s stock worth $2,278,000 after buying an additional 239 shares during the last quarter. Bank of Montreal Can increased its holdings in Five9 by 58.3% during the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock worth $49,000 after buying an additional 418 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Five9 by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,408 shares of the software maker’s stock worth $193,000 after buying an additional 442 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. acquired a new position in Five9 during the first quarter worth $30,000.

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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