DA Davidson Boosts Five9 (NASDAQ:FIVN) Price Target to $45.00

Five9 (NASDAQ:FIVN) had its price objective upped by DA Davidson from $40.00 to $45.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Other analysts also recently issued research reports about the company. Barclays decreased their price target on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. BTIG Research cut their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Rosenblatt Securities lowered their target price on Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Northland Securities cut their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Five9 Stock Up 7.7 %

Shares of NASDAQ:FIVN opened at $39.67 on Friday. Five9 has a 52 week low of $26.60 and a 52 week high of $92.40. The company has a market cap of $2.96 billion, a PE ratio of -79.34 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a 50 day simple moving average of $29.46 and a 200 day simple moving average of $39.09.

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the sale, the executive vice president now owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the sale, the chief executive officer now owns 253,488 shares of the company’s stock, valued at $7,673,081.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock valued at $1,097,753 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after purchasing an additional 150,786 shares during the period. Sylebra Capital LLC raised its stake in Five9 by 28.4% during the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after buying an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Five9 by 38.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after acquiring an additional 446,151 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Five9 by 347.4% in the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after acquiring an additional 584,800 shares during the period. Institutional investors 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, 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.