Five9 (NASDAQ:FIVN) Price Target Raised to $60.00

Five9 (NASDAQ:FIVN) had its target price upped by Barclays from $55.00 to $60.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other research analysts also recently issued reports on FIVN. Cantor Fitzgerald began coverage on shares of Five9 in a research report on Friday, January 17th. They set an “overweight” rating and a $46.00 price objective on the stock. Rosenblatt Securities increased their price objective on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Piper Sandler upped their price target on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Trading Up 1.0 %

NASDAQ FIVN opened at $42.09 on Friday. Five9 has a 52 week low of $26.60 and a 52 week high of $65.71. The firm has a 50 day moving average of $40.57 and a two-hundred day moving average of $35.84. 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 capitalization of $3.17 billion, a PE ratio of -210.44, a price-to-earnings-growth 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 earnings per share 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. As a group, research analysts expect that Five9 will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In other Five9 news, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the transaction, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Five9 during the 4th quarter worth approximately $36,000. Signaturefd LLC raised its position in shares of Five9 by 1,892.3% in 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 in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the 4th quarter valued at approximately $47,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Company Profile

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.