Barclays Issues Positive Forecast for Five9 (NASDAQ:FIVN) Stock Price

Five9 (NASDAQ:FIVN) had its price objective lifted by stock analysts at Barclays from $55.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price suggests a potential upside of 42.55% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Five9 in a research note on Tuesday, January 21st. Piper Sandler lifted their target price on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Robert W. Baird lifted their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Rosenblatt Securities boosted their price target on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Trading Up 1.0 %

Shares of FIVN opened at $42.09 on Friday. The business’s 50-day moving average price is $40.57 and its 200 day moving average price is $35.88. The stock has a market capitalization of $3.17 billion, a P/E ratio of -210.44, a P/E/G ratio of 9.41 and a beta of 0.93. Five9 has a 1-year low of $26.60 and a 1-year high of $65.71. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.70 million. Analysts expect that Five9 will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Andy Dignan sold 4,109 shares of the business’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 value 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 approximately $4,846,983.30. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total value of $55,630.18. Following the completion of the sale, the chief accounting officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after buying an additional 210,836 shares during the last quarter. Gagnon Securities LLC lifted its holdings in shares of Five9 by 10.4% during the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock worth $14,878,000 after buying an additional 34,597 shares during the last quarter. Vestcor Inc lifted its holdings in shares of Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after buying an additional 15,000 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after buying an additional 98,543 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock worth $6,956,000 after buying an additional 165,487 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

About Five9

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.