Five9 (NASDAQ:FIVN) Sets New 1-Year High at $64.36

Five9 Inc (NASDAQ:FIVN)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $64.36 and last traded at $62.28, with a volume of 713277 shares traded. The stock had previously closed at $63.54.

FIVN has been the subject of a number of analyst reports. Summit Insights raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Dougherty & Co upgraded shares of Five9 from a “neutral” rating to a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Five9 from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $59.00 to $70.00 in a research report on Thursday, August 1st. BidaskClub upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Finally, SunTrust Banks increased their target price on shares of Five9 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $57.55.

The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 425.27, a PEG ratio of 195.51 and a beta of 0.56. The firm’s 50-day simple moving average is $54.72 and its two-hundred day simple moving average is $52.47.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million during the quarter, compared to analysts’ expectations of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. Equities research analysts expect that Five9 Inc will post 0.03 earnings per share for the current fiscal year.

In other Five9 news, CEO Rowan M. Trollope sold 91,591 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.95, for a total value of $4,300,197.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rowan M. Trollope sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $50.05, for a total transaction of $200,200.00. Following the completion of the sale, the chief executive officer now owns 439,490 shares of the company’s stock, valued at approximately $21,996,474.50. The disclosure for this sale can be found here. Insiders sold a total of 366,341 shares of company stock valued at $19,493,423 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Moody Aldrich Partners LLC acquired a new stake in Five9 in the 2nd quarter valued at about $3,583,000. Granite Investment Partners LLC grew its position in shares of Five9 by 14.9% during the 1st quarter. Granite Investment Partners LLC now owns 774,838 shares of the software maker’s stock worth $40,935,000 after buying an additional 100,234 shares during the period. Coronation Fund Managers Ltd. acquired a new stake in shares of Five9 during the 1st quarter worth approximately $3,988,000. Nordea Investment Management AB grew its position in shares of Five9 by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 115,930 shares of the software maker’s stock worth $6,125,000 after buying an additional 2,206 shares during the period. Finally, Mckinley Capital Management LLC Delaware grew its position in shares of Five9 by 27.9% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 989 shares of the software maker’s stock worth $52,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Five9 Company Profile (NASDAQ:FIVN)

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.

Featured Article: Why is the price target of stocks important?

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.