Five9, Inc. (NASDAQ:FIVN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have earned an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $63.35.

FIVN has been the subject of a number of research reports. Rosenblatt Securities cut their target price on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Robert W. Baird cut shares of Five9 from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $40.00 in a research note on Friday, August 9th. Finally, Piper Sandler reissued an “overweight” rating and set a $47.00 target price on shares of Five9 in a research note on Wednesday, August 21st.

Insider Buying and Selling at Five9

In other Five9 news, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $45.01, for a total value of $279,377.07. Following the transaction, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at approximately $1,124,964.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 6,207 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the completion of the transaction, the chief financial officer now owns 85,121 shares in the company, valued at approximately $3,831,296.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,337 shares of company stock worth $1,491,971 in the last ninety days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Several large investors have recently made changes to their positions in FIVN. 1832 Asset Management L.P. lifted its holdings in shares of Five9 by 14.4% in the 4th quarter. 1832 Asset Management L.P. now owns 98,400 shares of the software maker’s stock worth $7,743,000 after acquiring an additional 12,400 shares during the last quarter. CenterBook Partners LP purchased a new stake in Five9 during the 4th quarter worth approximately $639,000. Regal Investment Advisors LLC purchased a new stake in Five9 during the 4th quarter worth approximately $474,000. Balyasny Asset Management L.P. increased its stake in Five9 by 123.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock worth $51,026,000 after buying an additional 358,887 shares during the period. 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 worth $5,096,000 after buying an additional 611 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Up 1.5 %

FIVN opened at $30.38 on Friday. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. 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 company has a fifty day moving average of $31.03 and a two-hundred day moving average of $43.45. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -35.74 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. On average, research analysts expect that Five9 will post -0.09 earnings per share 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.