Five9 (NASDAQ:FIVN) Earns “Outperform” Rating from Royal Bank of Canada

Five9 (NASDAQ:FIVN)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a report released on Wednesday,Benzinga reports. They currently have a $65.00 price objective on the software maker’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 112.63% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Barclays upped their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Needham & Company LLC restated a “buy” rating and set a $52.00 price target on shares of Five9 in a research note on Monday. Morgan Stanley upped their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald upped their price objective on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.76.

Five9 Stock Up 2.3 %

Shares of NASDAQ FIVN traded up $0.69 during trading hours on Wednesday, hitting $30.57. 61,660 shares of the stock were exchanged, compared to its average volume of 1,520,891. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.32 billion, a PE ratio of -153.09, a PEG ratio of 9.41 and a beta of 1.01. The firm has a fifty day moving average price of $37.79 and a 200-day moving average price of $35.81. Five9 has a 12 month low of $26.60 and a 12 month high of $63.79.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. On average, sell-side analysts expect that Five9 will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 2,468 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $82,011.64. Following the completion of the transaction, the chief financial officer now owns 92,583 shares in the company, valued at $3,076,533.09. The trade was a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,874 shares of company stock worth $985,446 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Five9 during the 4th quarter worth approximately $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 during the 4th quarter worth approximately $47,000. Steward Partners Investment Advisory LLC lifted its position in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after buying an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.