Five9 (NASDAQ:FIVN) Stock Rating Reaffirmed by Truist Financial

Five9 (NASDAQ:FIVN)‘s stock had its “buy” rating reissued by stock analysts at Truist Financial in a report issued on Tuesday, Benzinga reports. They presently have a $65.00 price target on the software maker’s stock. Truist Financial’s price objective suggests a potential upside of 100.37% from the company’s previous close.

A number of other equities research analysts have also weighed in on FIVN. Barclays dropped their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $47.00 price objective on shares of Five9 in a report on Wednesday, August 21st. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Rosenblatt Securities cut their price target on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, BTIG Research decreased their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $63.35.

Five9 Stock Down 2.0 %

FIVN stock opened at $32.44 on Tuesday. The stock has a market capitalization of $2.40 billion, a PE ratio of -38.16 and a beta of 0.82. Five9 has a 52 week low of $28.75 and a 52 week high of $92.40. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $40.19 and a 200 day moving average of $51.19.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total value of $71,348.34. Following the completion of the sale, the chief accounting officer now owns 38,267 shares of the company’s stock, valued at approximately $1,770,614.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CRO Daniel P. Burkland sold 2,605 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.41, for a total value of $87,033.05. Following the transaction, the executive now owns 132,554 shares in the company, valued at $4,428,629.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total value of $71,348.34. Following the sale, the chief accounting officer now owns 38,267 shares of the company’s stock, valued at $1,770,614.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,990 shares of company stock valued at $2,505,788. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI lifted its stake in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the last quarter. Intrust Bank NA purchased a new position in shares of Five9 during the 4th quarter worth $202,000. Finally, Inceptionr LLC acquired a new position in shares of Five9 during the 4th quarter valued at about $215,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

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