Five9 (NASDAQ:FIVN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Five9 (NASDAQ:FIVN) had its price target upped by research analysts at Morgan Stanley from $40.00 to $46.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the software maker’s stock. Morgan Stanley’s price objective would indicate a potential upside of 7.65% from the stock’s current price.

Several other research analysts have also weighed in on FIVN. Truist Financial reiterated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Rosenblatt Securities boosted their target price on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price target on Five9 from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Piper Sandler boosted their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.18.

Five9 Stock Up 0.3 %

Shares of Five9 stock opened at $42.73 on Wednesday. Five9 has a 1 year low of $26.60 and a 1 year high of $82.61. The company has a market cap of $3.21 billion, a P/E ratio of -85.46, a P/E/G ratio of 28.88 and a beta of 0.92. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a 50-day moving average price of $36.10 and a 200 day moving average price of $36.66.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. This represents a 4.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Andy Dignan sold 4,109 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the sale, the chief operating officer now owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Five9 by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after buying an additional 673 shares in the last quarter. Signaturefd LLC increased its stake in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after acquiring an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 in the second quarter worth about $57,000. Arizona State Retirement System lifted its stake in Five9 by 8.9% during the second quarter. Arizona State Retirement System now owns 20,673 shares of the software maker’s stock worth $912,000 after purchasing an additional 1,693 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Five9 by 13.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after purchasing an additional 2,254 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Company Profile

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.