Five9 (NASDAQ:FIVN) Stock Price Expected to Rise, DA Davidson Analyst Says

Five9 (NASDAQ:FIVN) had its target price boosted by DA Davidson from $40.00 to $45.00 in a research note issued to investors on Friday morning,Benzinga reports. DA Davidson currently has a neutral rating on the software maker’s stock.

Other equities analysts have also issued research reports about the stock. Roth Mkm cut their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Five9 in a research report on Friday. Rosenblatt Securities lowered their price objective on 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 reduced their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.89.

Five9 Price Performance

NASDAQ:FIVN opened at $36.82 on Friday. The stock’s 50-day moving average is $29.46 and its 200-day moving average is $39.24. Five9 has a 1-year low of $26.60 and a 1-year 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.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 3.66% and a negative return on equity of 1.57%. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Sell-side analysts expect that Five9 will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Daniel P. Burkland sold 2,605 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.41, for a total value of $87,033.05. Following the completion of the transaction, the executive now owns 132,554 shares in the company, valued at approximately $4,428,629.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,493 shares of company stock worth $1,097,753. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five9

Several hedge funds have recently bought and sold shares of the business. Sylebra Capital LLC raised its holdings in Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after buying an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Five9 by 347.4% during the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after buying an additional 584,800 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of Five9 by 52.3% during the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares during the last quarter. Finally, 272 Capital LP bought a new position in Five9 in the 2nd quarter valued at about $12,722,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.