Shares of Five9 Inc. (NASDAQ:FIVN) have received a consensus rating of “Buy” from the nine research firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.17.
Several research analysts have issued reports on the company. Barclays PLC reiterated a “buy” rating on shares of Five9 in a report on Sunday, July 17th. Needham & Company LLC raised their target price on Five9 from $11.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, October 4th. Finally, Bank of America Corp. lowered Five9 from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 20th.
In related news, insider Daniel P. Burkland sold 2,626 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $15.75, for a total value of $41,359.50. Following the transaction, the insider now directly owns 121,893 shares of the company’s stock, valued at approximately $1,919,814.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 8,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $12.62, for a total value of $100,960.00. Following the completion of the transaction, the chief financial officer now directly owns 422,508 shares in the company, valued at $5,332,050.96. The disclosure for this sale can be found here. 40.20% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in shares of Five9 by 3.3% in the second quarter. California Public Employees Retirement System now owns 15,500 shares of the company’s stock worth $184,000 after buying an additional 500 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Five9 by 2.6% in the second quarter. Nationwide Fund Advisors now owns 62,584 shares of the company’s stock worth $745,000 after buying an additional 1,561 shares in the last quarter. Bogle Investment Management L P DE boosted its position in shares of Five9 by 1.0% in the first quarter. Bogle Investment Management L P DE now owns 247,213 shares of the company’s stock worth $2,197,000 after buying an additional 2,482 shares in the last quarter. EAM Investors LLC boosted its position in shares of Five9 by 0.6% in the second quarter. EAM Investors LLC now owns 716,979 shares of the company’s stock worth $8,532,000 after buying an additional 4,118 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its position in shares of Five9 by 20.1% in the second quarter. Thompson Davis & CO. Inc. now owns 24,625 shares of the company’s stock worth $293,000 after buying an additional 4,125 shares in the last quarter. 83.84% of the stock is currently owned by institutional investors.
Five9 (NASDAQ:FIVN) opened at 14.30 on Tuesday. The company’s 50 day moving average price is $14.95 and its 200-day moving average price is $12.03. The firm’s market capitalization is $751.52 million. Five9 has a 12-month low of $3.89 and a 12-month high of $16.40.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. The business had revenue of $38.90 million for the quarter, compared to analyst estimates of $36.86 million. Five9 had a negative return on equity of 65.04% and a negative net margin of 12.36%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, equities analysts anticipate that Five9 will post ($0.14) earnings per share for the current fiscal year.