Five9, Inc. (NASDAQ:FIVN) Receives $37.88 Average Target Price from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN) have earned an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $38.00.

A number of research firms recently issued reports on FIVN. Piper Sandler dropped their target price on shares of Five9 from $36.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, July 14th. Wells Fargo & Company began coverage on shares of Five9 in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $28.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Five9 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th.

Insider Activity

In related news, CAO Leena Mansharamani sold 2,969 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 41,522 shares of the company’s stock, valued at approximately $1,073,343.70. This represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bryan M. Lee sold 1,889 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $48,585.08. Following the sale, the chief financial officer directly owned 237,488 shares of the company’s stock, valued at approximately $6,108,191.36. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,781 shares of company stock worth $1,563,724. Insiders own 1.60% of the company’s stock.

Institutional Trading of Five9

Several large investors have recently bought and sold shares of the company. Voss Capital LP grew its position in Five9 by 211.4% in the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock valued at $86,060,000 after acquiring an additional 2,206,173 shares in the last quarter. Ameriprise Financial Inc. grew its position in Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after acquiring an additional 353,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after acquiring an additional 1,996,628 shares in the last quarter. Van Berkom & Associates Inc. grew its position in Five9 by 14.2% in the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker’s stock valued at $58,122,000 after acquiring an additional 266,484 shares in the last quarter. Finally, Armistice Capital LLC grew its position in Five9 by 6.5% in the first quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock valued at $56,961,000 after acquiring an additional 127,793 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Down 1.0%

Shares of FIVN stock opened at $22.89 on Thursday. The firm has a market cap of $1.77 billion, a P/E ratio of 254.36, a PEG ratio of 2.18 and a beta of 1.19. Five9 has a 1-year low of $20.48 and a 1-year high of $49.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The firm’s 50-day simple moving average is $24.90 and its 200-day simple moving average is $25.77.

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

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.