Five9 (NASDAQ:FIVN) PT Lowered to $37.00 at Morgan Stanley

Five9 (NASDAQ:FIVN) had its price target decreased by Morgan Stanley from $45.00 to $37.00 in a research note released on Tuesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the software maker’s stock.

FIVN has been the topic of several other reports. Barclays decreased their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Northland Securities decreased their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. BTIG Research decreased their price target on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of Five9 in a research note on Wednesday, August 21st. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.59.

Five9 Stock Up 2.0 %

FIVN stock opened at $30.58 on Tuesday. The firm has a market cap of $2.26 billion, a PE ratio of -35.98 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The firm’s fifty day moving average is $30.14 and its 200 day moving average is $42.34. Five9 has a one year low of $26.60 and a one year high of $92.40.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. On average, research analysts forecast that Five9 will post -0.09 EPS for the current year.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Five9 news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the transaction, the chief executive officer now owns 253,488 shares of the company’s stock, valued at $7,673,081.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,130 shares of company stock worth $1,212,594. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Five9 in the 2nd quarter valued at $57,000. nVerses Capital LLC acquired a new stake in Five9 during the 3rd quarter worth $141,000. Quent Capital LLC boosted 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 purchasing an additional 352 shares during the period. Cetera Advisors LLC acquired a new stake in Five9 during the 1st quarter worth $226,000. Finally, ProShare Advisors LLC acquired a new stake in Five9 during the 1st quarter worth $247,000. Institutional investors and hedge funds 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.