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

Five9, Inc. (NASDAQ:FIVNGet Free Report) has been given an average rating of “Moderate Buy” by the nineteen analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $57.50.

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. DA Davidson lifted their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Cantor Fitzgerald started coverage on Five9 in a research note on Friday. They issued an “overweight” rating and a $46.00 price objective for the company. Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th.

Get Our Latest Stock Analysis on Five9

Insiders Place Their Bets

In other Five9 news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were 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 directly owns 115,818 shares in the company, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 owns 240,894 shares in the company, valued at approximately $9,973,011.60. This represents a 4.97 % 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 valued at $1,209,279 over the last quarter. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently modified their holdings of FIVN. Signaturefd LLC boosted its holdings in Five9 by 1,892.3% during the 3rd 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 stake in shares of Five9 during the second quarter worth about $57,000. Quest Partners LLC acquired a new position in shares of Five9 in the third quarter valued at approximately $95,000. FNY Investment Advisers LLC increased its stake in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after buying an additional 2,485 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Five9 during the 3rd quarter worth approximately $141,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

FIVN opened at $37.39 on Tuesday. The firm’s fifty day simple moving average is $40.48 and its two-hundred day simple moving average is $36.33. Five9 has a 52-week low of $26.60 and a 52-week high of $81.24. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -74.78, a PEG ratio of 8.57 and a beta of 0.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

About Five9

(Get Free Report

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.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

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