Five9, Inc. (NASDAQ:FIVN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Five9, Inc. (NASDAQ:FIVN) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $87.13.

Several research firms have recently weighed in on FIVN. KeyCorp cut their price target on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Piper Sandler increased their price target on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Five9 in a research note on Thursday, February 22nd. Barclays cut their price target on Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Finally, Morgan Stanley cut their price target on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday.

Five9 Trading Down 0.6 %

Shares of Five9 stock opened at $57.09 on Friday. Five9 has a 1 year low of $51.01 and a 1 year high of $92.40. The firm has a market cap of $4.22 billion, a PE ratio of -50.52 and a beta of 0.83. The stock has a fifty day moving average price of $62.57 and a 200-day moving average price of $68.79. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. The firm had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Equities research analysts anticipate that Five9 will post -0.42 EPS for the current year.

Insider Buying and Selling at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Five9 by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock valued at $573,397,000 after acquiring an additional 50,540 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Five9 by 22.9% during the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock valued at $416,783,000 after buying an additional 703,002 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Five9 by 1.9% during the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock valued at $214,875,000 after buying an additional 63,200 shares in the last quarter. Sylebra Capital Ltd raised its holdings in shares of Five9 by 3.3% during the 1st quarter. Sylebra Capital Ltd now owns 2,576,950 shares of the software maker’s stock valued at $186,288,000 after buying an additional 81,652 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Five9 by 13.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,501,692 shares of the software maker’s stock valued at $206,265,000 after buying an additional 306,251 shares in the last quarter. Hedge funds and other 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 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.