Five9 (NASDAQ:FIVN) Price Target Cut to $42.00 by Analysts at Mizuho

Five9 (NASDAQ:FIVN) had its price objective decreased by Mizuho from $55.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the software maker’s stock.

A number of other equities research analysts have also recently weighed in on FIVN. Piper Sandler raised their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Five9 in a research report on Wednesday, April 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Five9 in a research note on Friday, April 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 price target on shares of Five9 in a report on Wednesday, March 19th. Finally, Morgan Stanley upped their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.94.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $23.12 on Tuesday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -115.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. The business’s fifty day moving average price is $31.94 and its two-hundred day moving average price is $35.35. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $60.81. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last posted 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 positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. As a group, analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,574 shares of company stock worth $1,004,346. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC grew 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 in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Five9 in the third quarter worth $145,000. Wilmington Savings Fund Society FSB acquired a new position in Five9 during the third quarter worth $4,154,000. Synovus Financial Corp increased its stake in Five9 by 34.2% in the 3rd quarter. Synovus Financial Corp now owns 13,272 shares of the software maker’s stock valued at $381,000 after buying an additional 3,385 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Five9 during the 3rd quarter worth about $4,597,000. 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, 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.