Five9, Inc. (NASDAQ:FIVN) Receives $35.65 Consensus PT from Brokerages

Shares of Five9, Inc. (NASDAQ:FIVN) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.1875.

A number of research analysts recently weighed in on FIVN shares. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price objective on shares of Five9 in a research note on Friday, August 1st. Piper Sandler reduced their price target on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a research note on Thursday. Cantor Fitzgerald dropped their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Five9 in a report on Friday, August 1st.

Five9 Trading Down 1.0%

Shares of FIVN opened at $20.27 on Monday. Five9 has a fifty-two week low of $17.97 and a fifty-two week high of $49.90. The business has a 50-day moving average of $23.51 and a 200 day moving average of $25.69. The firm has a market cap of $1.59 billion, a P/E ratio of 225.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44.

Five9 (NASDAQ:FIVN) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The firm had revenue of $283.27 million during the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. As a group, research analysts forecast that Five9 will post 0.28 EPS for the current year.

Five9 declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Five9

In other Five9 news, President Andy Dignan sold 7,614 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.48, for a total value of $194,004.72. Following the sale, the president directly owned 218,125 shares in the company, valued at $5,557,825. This represents a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 2,969 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.85, for a total transaction of $76,748.65. Following the transaction, the chief accounting officer owned 41,522 shares of the company’s stock, valued at $1,073,343.70. This trade represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,738 shares of company stock worth $1,380,677 in the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Five9

Hedge funds have recently bought and sold shares of the stock. Herald Investment Management Ltd increased its stake in Five9 by 24.4% in the second quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock valued at $6,927,000 after acquiring an additional 51,400 shares during the last quarter. Fox Run Management L.L.C. increased its position in shares of Five9 by 68.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock valued at $834,000 after purchasing an additional 12,826 shares during the last quarter. Gagnon Securities LLC raised its holdings in shares of Five9 by 7.5% during the 2nd quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock valued at $10,789,000 after buying an additional 28,393 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Five9 in the 2nd quarter worth approximately $297,000. Finally, WCM Investment Management LLC lifted its position in Five9 by 6.6% in the 2nd quarter. WCM Investment Management LLC now owns 558,313 shares of the software maker’s stock worth $14,929,000 after buying an additional 34,402 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

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.