Barclays Boosts Five9 (NASDAQ:FIVN) Price Target to $60.00

Five9 (NASDAQ:FIVN - Get Free Report) had its target price lifted by equities research analysts at Barclays from $55.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the software maker's stock. Barclays's target price suggests a potential upside of 43.92% from the stock's previous close.

Several other research firms have also weighed in on FIVN. Wells Fargo & Company lowered Five9 from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. 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. Morgan Stanley upped their target price on Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $52.00 target price on shares of Five9 in a research report on Tuesday, January 21st. Finally, Rosenblatt Securities upped their target price on Five9 from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.22.

Five9 Stock Down 0.3 %

Shares of Five9 stock opened at $41.69 on Friday. The firm has a market capitalization of $3.14 billion, a PE ratio of -83.38, a price-to-earnings-growth ratio of 9.44 and a beta of 0.93. Five9 has a 12-month low of $26.60 and a 12-month high of $71.43. 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's fifty day moving average is $40.57 and its 200-day moving average is $35.89.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly 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 negative net margin of 3.66% and a negative return on equity of 1.53%. Equities analysts anticipate that Five9 will post 0.11 earnings per share for the current year.

Insider Transactions at Five9

In other Five9 news, COO Andy Dignan sold 4,109 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares of the company's stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Signaturefd LLC grew its holdings in 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 buying an additional 984 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Five9 in the 4th quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new stake in Five9 in the 4th quarter valued at approximately $47,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of 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 worth $54,000 after purchasing an additional 1,315 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.