Five9 (NASDAQ:FIVN) Stock Price Up 6.5% – Should You Buy?

Five9, Inc. (NASDAQ:FIVN)’s stock price rose 6.5% during trading on Tuesday . The company traded as high as $39.52 and last traded at $39.83. Approximately 253,383 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 914,640 shares. The stock had previously closed at $37.39.

Analysts Set New Price Targets

Several research firms have weighed in on FIVN. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Rosenblatt Securities upped 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. 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 report on Tuesday, November 12th. Cantor Fitzgerald began coverage on Five9 in a report on Friday. They set an “overweight” rating and a $46.00 price objective for the company. Finally, Piper Sandler increased their target price on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Five9 Price Performance

The stock has a market cap of $2.94 billion, a P/E ratio of -78.24, a price-to-earnings-growth ratio of 8.53 and a beta of 0.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business’s 50-day simple moving average is $40.44 and its two-hundred day simple moving average is $36.25.

Insiders Place Their Bets

In related news, CFO Barry Zwarenstein sold 3,336 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $139,611.60. Following the sale, the chief financial officer now directly owns 98,396 shares of the company’s stock, valued at $4,117,872.60. This trade represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction 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 sale, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Several hedge funds have recently added to or reduced their stakes in FIVN. Dimensional Fund Advisors LP increased its position in shares of Five9 by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 363,558 shares of the software maker’s stock valued at $16,031,000 after acquiring an additional 72,204 shares during the period. Hsbc Holdings PLC grew its stake in shares of Five9 by 289.6% in the second quarter. Hsbc Holdings PLC now owns 109,807 shares of the software maker’s stock worth $4,806,000 after purchasing an additional 81,626 shares during the last quarter. Sei Investments Co. increased its holdings in Five9 by 17.1% during the 2nd quarter. Sei Investments Co. now owns 225,155 shares of the software maker’s stock valued at $9,929,000 after purchasing an additional 32,946 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Five9 by 65.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 40,374 shares of the software maker’s stock worth $1,780,000 after buying an additional 15,973 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Five9 by 110.4% in the 2nd quarter. ProShare Advisors LLC now owns 8,382 shares of the software maker’s stock worth $370,000 after buying an additional 4,399 shares during the last quarter. 96.64% of the stock is 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.