Five9 (FIVN) – Research Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Five9 (NASDAQ: FIVN):

• 11/11/2024 – Five9 had its price target raised by analysts at Robert W. Baird from $40.00 to $43.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Five9 had its price target raised by analysts at Piper Sandler from $35.00 to $46.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Five9 had its price target raised by analysts at DA Davidson from $40.00 to $45.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Five9 had its price target raised by analysts at Rosenblatt Securities from $45.00 to $50.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Five9 had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $48.00 price target on the stock.
• 10/23/2024 – Five9 had its price target lowered by analysts at Wells Fargo & Company from $65.00 to $55.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – Five9 had its price target lowered by analysts at Morgan Stanley from $45.00 to $37.00. They now have an “equal weight” rating on the stock.

Five9 Price Performance

FIVN stock opened at $39.67 on Tuesday. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40. The company’s fifty day moving average price is $29.46 and its 200-day moving average price is $39.09. 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 market capitalization of $2.96 billion, a PE ratio of -79.34 and a beta of 0.85.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total transaction of $128,453.70. Following the transaction, the chief operating officer now owns 119,927 shares in the company, valued at $3,628,991.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at $1,124,964.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andy Dignan sold 4,245 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total transaction of $128,453.70. Following the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at approximately $3,628,991.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,493 shares of company stock worth $1,097,753. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new position in Five9 in the 2nd quarter worth approximately $2,177,000. Scalar Gauge Management LLC acquired a new position in Five9 in the 2nd quarter worth approximately $6,990,000. King Luther Capital Management Corp acquired a new position in Five9 in the 2nd quarter worth approximately $2,062,000. Van Berkom & Associates Inc. increased its holdings in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in Five9 in the 3rd quarter worth approximately $1,714,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.