Five9, Inc. (NASDAQ:FIVN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $59.22.

A number of equities analysts have commented on FIVN shares. Rosenblatt Securities lifted their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, August 27th. Northland Securities decreased their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, DA Davidson increased their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Insider Activity at Five9

In other news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Daniel P. Burkland sold 3,628 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.57, for a total value of $110,907.96. Following the completion of the transaction, the executive now directly owns 128,926 shares in the company, valued at $3,941,267.82. This trade represents a 2.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,888 shares of company stock worth $1,010,720. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC acquired a new position in shares of Five9 in the 3rd quarter valued at $95,000. nVerses Capital LLC acquired a new position in shares of Five9 in the 3rd quarter valued at $141,000. Finally, Quent Capital LLC raised its stake in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Up 4.8 %

NASDAQ FIVN opened at $40.32 on Monday. The business’s fifty day simple moving average is $31.43 and its 200-day simple moving average is $37.89. 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 firm has a market cap of $3.03 billion, a PE ratio of -80.64, a P/E/G ratio of 23.21 and a beta of 0.85. Five9 has a 52 week low of $26.60 and a 52 week high of $92.40.

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.