Five9 (NASDAQ:FIVN) Reaches New 1-Year High at $116.30

Five9 Inc (NASDAQ:FIVN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $116.30 and last traded at $115.79, with a volume of 9521 shares trading hands. The stock had previously closed at $113.58.

A number of brokerages have issued reports on FIVN. Canaccord Genuity lifted their price target on shares of Five9 from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of Five9 in a report on Wednesday, July 1st. ValuEngine downgraded shares of Five9 from a “buy” rating to a “hold” rating in a report on Friday, May 1st. SunTrust Banks lifted their price target on shares of Five9 from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Friday, July 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $96.83.

The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $104.09 and its 200 day moving average is $83.76. The stock has a market capitalization of $7.16 billion, a PE ratio of -674.55 and a beta of 0.74.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Monday, May 4th. The software maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Five9 had a negative net margin of 2.89% and a positive return on equity of 3.21%. The firm had revenue of $95.10 million during the quarter, compared to analysts’ expectations of $89.58 million. During the same period in the previous year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. As a group, analysts anticipate that Five9 Inc will post -0.19 EPS for the current year.

In related news, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $103.69, for a total transaction of $1,296,125.00. Following the completion of the transaction, the chief financial officer now directly owns 121,817 shares of the company’s stock, valued at approximately $12,631,204.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott Welch sold 8,993 shares of Five9 stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $97.48, for a total transaction of $876,637.64. Following the transaction, the executive vice president now directly owns 60,127 shares of the company’s stock, valued at $5,861,179.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,783 shares of company stock valued at $10,509,377. 3.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Five9 during the 1st quarter valued at about $27,000. Private Capital Group LLC lifted its holdings in Five9 by 17.7% during the 1st quarter. Private Capital Group LLC now owns 1,096 shares of the software maker’s stock valued at $84,000 after buying an additional 165 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Five9 by 30,200.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,212 shares of the software maker’s stock valued at $93,000 after buying an additional 1,208 shares in the last quarter. Eaton Vance Management bought a new stake in Five9 during the 1st quarter valued at about $214,000. Finally, Linden Advisors LP bought a new stake in Five9 during the 1st quarter valued at about $218,000.

About Five9 (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.

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