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

Five9, Inc. (NASDAQ:FIVN) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $58.18.

Several research firms recently issued reports on FIVN. Truist Financial reissued a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Piper Sandler lifted their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Robert W. Baird increased their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their target price on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th.

Five9 Stock Up 0.7 %

Shares of Five9 stock opened at $37.84 on Tuesday. The business has a 50-day moving average price of $40.15 and a 200 day moving average price of $36.46. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $81.24. The firm has a market cap of $2.85 billion, a P/E ratio of -75.68, a P/E/G ratio of 28.33 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.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the sale, the chief accounting officer now directly owns 35,526 shares in the company, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the transaction, the executive vice president now owns 69,009 shares of the company’s stock, valued at approximately $2,904,588.81. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,004 shares of company stock valued at $1,209,279. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently made changes to their positions in FIVN. FMR LLC boosted its position in shares of Five9 by 2.4% in the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after purchasing an additional 259,820 shares during the period. Sylebra Capital LLC lifted its stake in Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after buying an additional 210,836 shares during the period. Fisher Asset Management LLC increased its position in shares of Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after acquiring an additional 98,543 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Five9 by 347.4% during the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after acquiring an additional 584,800 shares during the period. 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.