Five9, Inc. (NASDAQ:FIVN) Given Consensus Rating of “Moderate Buy” by Analysts

Five9, Inc. (NASDAQ:FIVN) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $59.22.

A number of research analysts recently weighed in on the company. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. DA Davidson boosted their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Northland Securities lowered their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, BTIG Research reduced their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $41.28 on Monday. The firm has a market capitalization of $3.10 billion, a P/E ratio of -82.56, a P/E/G ratio of 25.11 and a beta of 0.85. The firm’s 50-day moving average price is $32.72 and its 200-day moving average price is $37.57. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 1-year low of $26.60 and a 1-year high of $92.40.

Insider Activity

In other Five9 news, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the transaction, the chief operating officer now directly owns 119,927 shares in the company, valued at $3,628,991.02. The trade was a 3.42 % 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, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at $1,124,964.72. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,888 shares of company stock valued at $1,010,720 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently modified their holdings of FIVN. Neo Ivy Capital Management purchased a new stake in Five9 in the second quarter worth $2,177,000. Scalar Gauge Management LLC purchased a new stake in Five9 in the 2nd quarter worth about $6,990,000. King Luther Capital Management Corp bought a new stake in Five9 in the 2nd quarter valued at about $2,062,000. Massachusetts Financial Services Co. MA lifted its holdings in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in 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 purchasing an additional 446,151 shares during the period. Institutional investors 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.