Five9’s (FIVN) Buy Rating Reiterated at SunTrust Banks

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SunTrust Banks reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a report released on Thursday, The Fly reports. The firm currently has a $95.00 price target on the software maker’s stock.

FIVN has been the subject of several other reports. BidaskClub downgraded Five9 from a strong-buy rating to a buy rating in a report on Friday, January 24th. ValuEngine downgraded Five9 from a buy rating to a hold rating in a report on Tuesday, December 3rd. KeyCorp reiterated a sector weight rating and issued a $71.15 price objective on shares of Five9 in a report on Monday, January 13th. Morgan Stanley raised their target price on Five9 from $72.00 to $80.00 and gave the stock an equal weight rating in a research report on Thursday. Finally, Craig Hallum reissued a buy rating and issued a $72.00 target price (up from $68.00) on shares of Five9 in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $80.74.

NASDAQ FIVN traded down $2.02 on Thursday, reaching $71.23. 264,793 shares of the company’s stock traded hands, compared to its average volume of 617,447. Five9 has a 12 month low of $46.08 and a 12 month high of $80.58. The company has a debt-to-equity ratio of 1.19, a current ratio of 6.09 and a quick ratio of 6.09. The stock has a 50-day simple moving average of $72.75 and a 200 day simple moving average of $63.84. The stock has a market cap of $4.47 billion, a PE ratio of -890.38 and a beta of 0.60.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.23. The firm had revenue of $92.26 million during the quarter, compared to analyst estimates of $86.71 million. Five9 had a positive return on equity of 6.48% and a negative net margin of 1.39%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, analysts anticipate that Five9 will post -0.08 EPS for the current year.

In other news, EVP Scott Welch sold 14,273 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $67.30, for a total value of $960,572.90. Following the completion of the transaction, the executive vice president now directly owns 46,041 shares of the company’s stock, valued at approximately $3,098,559.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jack L. Acosta sold 75,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $65.92, for a total value of $4,944,000.00. Following the completion of the transaction, the director now directly owns 3,407 shares of the company’s stock, valued at $224,589.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,418 shares of company stock valued at $16,275,896. 4.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Sylebra Capital Ltd boosted its position in Five9 by 10.9% during the fourth quarter. Sylebra Capital Ltd now owns 2,399,129 shares of the software maker’s stock worth $157,335,000 after purchasing an additional 235,882 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Five9 by 46.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,728 shares of the software maker’s stock valued at $84,252,000 after acquiring an additional 404,527 shares during the last quarter. State Street Corp increased its holdings in shares of Five9 by 0.7% during the 4th quarter. State Street Corp now owns 1,266,099 shares of the software maker’s stock worth $83,031,000 after buying an additional 9,313 shares during the last quarter. Eventide Asset Management LLC increased its holdings in shares of Five9 by 25.0% during the 3rd quarter. Eventide Asset Management LLC now owns 1,250,000 shares of the software maker’s stock worth $67,175,000 after buying an additional 250,000 shares during the last quarter. Finally, Tremblant Capital Group increased its holdings in shares of Five9 by 18.1% during the 4th quarter. Tremblant Capital Group now owns 1,185,029 shares of the software maker’s stock worth $77,714,000 after buying an additional 181,697 shares during the last quarter.

Five9 Company Profile

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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