Five9, Inc. (NASDAQ:FIVN) Receives $63.35 Consensus Target Price from Brokerages

Five9, Inc. (NASDAQ:FIVN) has been given an average rating of “Moderate Buy” by the nineteen analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $63.35.

Several equities analysts recently commented on the company. Barclays reduced their price target on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Robert W. Baird downgraded shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $40.00 in a research note on Friday, August 9th. Roth Mkm dropped their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities decreased their price objective on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Morgan Stanley dropped their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th.

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Burkland sold 12,595 shares of Five9 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 sale, the chief executive officer now directly owns 253,488 shares in the company, valued at approximately $7,673,081.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The disclosure for this sale can be found here. Insiders sold a total of 45,337 shares of company stock valued at $1,491,971 in the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its position in Five9 by 1.4% in the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after acquiring an additional 228 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Five9 by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after purchasing an additional 310 shares in the last quarter. Quent Capital LLC lifted its holdings in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after purchasing an additional 352 shares during the period. Corient Private Wealth LLC grew its position in Five9 by 8.4% in the 4th quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock valued at $535,000 after buying an additional 527 shares in the last quarter. Finally, RMB Capital Management LLC increased its stake in Five9 by 1.0% during the 4th quarter. RMB Capital Management LLC now owns 64,763 shares of the software maker’s stock valued at $5,096,000 after buying an additional 611 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

Five9 stock opened at $28.39 on Wednesday. The firm has a fifty day moving average of $36.64 and a 200-day moving average of $47.23. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $2.10 billion, a P/E ratio of -33.40 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. As a group, analysts predict that Five9 will post -0.09 EPS for the current year.

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.