Five9 (NASDAQ:FIVN) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Five9 (NASDAQ:FIVN) had its price objective increased by analysts at Cantor Fitzgerald from $46.00 to $57.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 35.42% from the company’s current price. Cantor Fitzgerald also issued estimates for Five9’s FY2025 earnings at $0.33 EPS.

Several other equities analysts have also recently commented on FIVN. Rosenblatt Securities boosted their target price on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Barclays boosted their target price on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of Five9 in a research note on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.65.

Five9 Price Performance

Five9 stock opened at $42.09 on Friday. Five9 has a 52 week low of $26.60 and a 52 week high of $65.71. The business has a 50-day simple moving average of $40.57 and a 200 day simple moving average of $35.88. 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 stock has a market cap of $3.17 billion, a price-to-earnings ratio of -210.44, a PEG ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.70 million. On average, research analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Andy Dignan sold 4,109 shares of the business’s 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 completion of the sale, the chief operating officer now owns 115,818 shares of the company’s stock, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,004 shares of company stock valued at $1,209,279. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in Five9 by 1,892.3% during the 3rd 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. Lindbrook Capital LLC raised its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in Five9 during the 4th quarter valued at approximately $36,000. Johnson Financial Group Inc. bought a new position in Five9 during the 4th quarter valued at approximately $47,000. Finally, Steward Partners Investment Advisory LLC raised its position in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. 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.