Rosenblatt Securities Forecasts Strong Price Appreciation for Five9 (NASDAQ:FIVN) Stock

Five9 (NASDAQ:FIVN) had its target price lifted by equities research analysts at Rosenblatt Securities from $50.00 to $58.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 39.12% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Cantor Fitzgerald began coverage on shares of Five9 in a report on Friday, January 17th. They issued an “overweight” rating and a $46.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Tuesday, January 21st. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.22.

Five9 Price Performance

NASDAQ:FIVN opened at $41.69 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -83.38, a price-to-earnings-growth ratio of 9.44 and a beta of 0.93. The company has a 50 day moving average price of $40.57 and a 200-day moving average price of $35.89. Five9 has a 1-year low of $26.60 and a 1-year high of $71.43.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. Equities research analysts forecast that Five9 will post 0.11 EPS for the current year.

Insider Activity

In other news, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. The trade was a 4.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now directly owns 35,526 shares in the company, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position 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 buying an additional 984 shares during the last quarter. Lindbrook Capital LLC lifted its position in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new position in Five9 in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new position in Five9 in the fourth quarter valued at about $47,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares during the last quarter. Institutional investors and hedge funds 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.