KeyCorp Begins Coverage on Five9 (NASDAQ:FIVN)

KeyCorp initiated coverage on shares of Five9 (NASDAQ:FIVN) in a research note published on Friday, MarketBeat reports. The firm issued an overweight rating and a $35.00 price objective on the software maker’s stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley decreased their target price on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Barclays lowered their price objective on Five9 from $60.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Jefferies Financial Group dropped their price objective on Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Needham & Company LLC decreased their target price on Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Evercore ISI lowered their price target on Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Five9 has an average rating of “Moderate Buy” and an average price target of $43.15.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $29.15 on Friday. The stock has a market cap of $2.22 billion, a PE ratio of -145.74, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day moving average of $25.42 and a 200-day moving average of $33.79.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Five9 will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 5,475 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the completion of the sale, the chief executive officer now directly owns 385,987 shares in the company, valued at approximately $10,915,712.36. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. This represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,701 shares of company stock worth $968,851 in the last ninety days. 1.60% of the stock is owned by insiders.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV raised its holdings in Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after purchasing an additional 1,113 shares in the last quarter. Choreo LLC bought a new position in Five9 in the fourth quarter worth about $408,000. WCM Investment Management LLC lifted its holdings in Five9 by 35.9% in the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock worth $21,281,000 after buying an additional 138,019 shares during the period. Principal Financial Group Inc. bought a new stake in Five9 during the 4th quarter valued at approximately $268,000. Finally, Sanctuary Advisors LLC boosted its position in Five9 by 115.7% during the 4th quarter. Sanctuary Advisors LLC now owns 10,913 shares of the software maker’s stock valued at $445,000 after acquiring an additional 5,853 shares in 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.