Cantor Fitzgerald Begins Coverage on Five9 (NASDAQ:FIVN)

Cantor Fitzgerald started coverage on shares of Five9 (NASDAQ:FIVN) in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $46.00 price target on the software maker’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 25.68% from the stock’s previous close.

FIVN has been the topic of a number of other reports. Needham & Company LLC raised their target price on Five9 from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, December 16th. DA Davidson raised their price objective on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted 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. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Finally, Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.50.

Five9 Stock Down 1.6 %

FIVN opened at $36.60 on Friday. The firm’s 50 day simple moving average is $40.47 and its two-hundred day simple moving average is $36.42. The company has a market capitalization of $2.75 billion, a PE ratio of -73.20, a PEG ratio of 8.57 and a beta of 0.92. Five9 has a 1-year low of $26.60 and a 1-year high of $81.24. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Insider Buying and Selling at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, 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. Insiders sold 29,004 shares of company stock valued at $1,209,279 in the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently bought and sold shares of FIVN. Sylebra Capital LLC grew its stake in shares of Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after buying an additional 666,681 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after acquiring an additional 584,800 shares during the last quarter. Potrero Capital Research LLC purchased a new position in Five9 in the third quarter worth about $15,610,000. Massachusetts Financial Services Co. MA grew its position in Five9 by 38.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in Five9 during the third quarter worth approximately $11,211,000. Hedge funds and other 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.