Five9 (NASDAQ:FIVN) Price Target Raised to $46.00

Five9 (NASDAQ:FIVN) had its price target hoisted by Piper Sandler from $35.00 to $46.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other research analysts also recently weighed in on FIVN. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Monday, August 5th. Robert W. Baird cut shares of Five9 from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $40.00 in a research note on Friday, August 9th. Truist Financial reissued a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Five9 in a research note on Wednesday, August 21st. Finally, Barclays cut their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.89.

Five9 Trading Up 12.2 %

Shares of FIVN stock traded up $4.01 during mid-day trading on Friday, reaching $36.82. The stock had a trading volume of 6,456,363 shares, compared to its average volume of 1,371,791. The stock’s 50-day moving average price is $29.46 and its two-hundred day moving average price is $39.39. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The firm has a market capitalization of $2.75 billion, a PE ratio of -51.14 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. Equities analysts expect that Five9 will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. 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 can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,493 shares of company stock worth $1,097,753. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FIVN. Signaturefd LLC increased its position in Five9 by 1,892.3% during 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Five9 during the 2nd quarter valued at approximately $57,000. Quest Partners LLC acquired a new stake in Five9 in the third quarter worth $95,000. Cetera Advisors LLC acquired a new stake in Five9 in the first quarter worth $226,000. Finally, ProShare Advisors LLC acquired a new position in shares of Five9 during the first quarter valued at $247,000. 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.