Analysts Set Five9, Inc. (NASDAQ:FIVN) PT at $57.50

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $57.50.

FIVN has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on Five9 in a research note on Friday, January 17th. They issued an “overweight” rating and a $46.00 price objective for the company. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Five9 in a research note on Tuesday, January 21st. Rosenblatt Securities increased their price target on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, DA Davidson increased 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.

Five9 Trading Up 1.4 %

NASDAQ:FIVN opened at $41.20 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -82.40, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93. Five9 has a one year low of $26.60 and a one year high of $77.21. The business has a fifty day moving average price of $40.73 and a 200-day moving average price of $35.91.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Andy Dignan sold 4,109 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. nVerses Capital LLC purchased a new position in Five9 during the third quarter valued at approximately $141,000. Signaturefd LLC increased its holdings in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares during the period. Lecap Asset Management Ltd. purchased a new position in Five9 during the third quarter valued at approximately $1,714,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Five9 during the third quarter valued at approximately $316,000. Finally, Horrell Capital Management Inc. purchased a new position in Five9 during the third quarter valued at approximately $3,304,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.