Analysts Set Five9, Inc. (NASDAQ:FIVN) PT at $57.50

Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.50.

A number of analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. DA Davidson raised their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of Five9 in a research note on Friday, January 17th. They set an “overweight” rating and a $46.00 target price for the company. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Rosenblatt Securities upped their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Five9 Trading Down 3.3 %

Five9 stock opened at $40.12 on Friday. Five9 has a one year low of $26.60 and a one year high of $77.21. The business’s fifty day moving average is $40.70 and its 200 day moving average is $35.98. The stock has a market capitalization of $3.02 billion, a PE ratio of -80.24, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Insider Buying and Selling

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

Hedge Funds Weigh In On Five9

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Five9 during the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC grew its holdings in Five9 by 7,305.6% during the 4th 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 in the last quarter. Finally, Quest Partners LLC bought a new stake in Five9 in the 3rd quarter worth approximately $95,000. Institutional investors 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.