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

Five9, Inc. (NASDAQ:FIVN) has been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $57.50.

Several research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Five9 in a research note on Tuesday, January 21st. Rosenblatt Securities upped their price objective 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. Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th.

Five9 Stock Down 2.6 %

Shares of NASDAQ:FIVN opened at $40.87 on Friday. The company has a market cap of $3.07 billion, a PE ratio of -81.74, a price-to-earnings-growth ratio of 9.25 and a beta of 0.93. Five9 has a 52 week low of $26.60 and a 52 week high of $79.43. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a 50 day simple moving average of $40.77 and a 200 day simple moving average of $36.11.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, November 7th. The software maker reported $0.15 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.43). The business had revenue of $264.18 million during the quarter, compared to the consensus estimate of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same period in the prior year, the firm earned ($0.21) earnings per share. As a group, research analysts expect that Five9 will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 3,336 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction 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. The trade was a 3.28 % decrease in their position. 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 Investors Weigh In On Five9

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of Five9 in the 3rd quarter worth $141,000. Signaturefd LLC lifted its position in Five9 by 1,892.3% during 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 during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Five9 in the 3rd quarter valued at approximately $1,714,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Five9 during the third quarter worth $316,000. Finally, Horrell Capital Management Inc. purchased a new position in shares of Five9 during the third quarter valued at approximately $3,304,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.