Five9 (NASDAQ:FIVN) Price Target Raised to $45.00

Five9 (NASDAQ:FIVN - Get Free Report) had its price target lifted by equities researchers at DA Davidson from $40.00 to $45.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. DA Davidson's price objective indicates a potential upside of 22.22% from the stock's current price.

FIVN has been the subject of a number of other reports. Bank of America raised Five9 from an "underperform" rating to a "buy" rating and set a $63.00 target price for the company in a research note on Monday, August 5th. Robert W. Baird downgraded shares of Five9 from an "outperform" rating to a "neutral" rating and cut their price target for the company from $90.00 to $40.00 in a report on Friday, August 9th. Roth Mkm decreased their price objective on shares of Five9 from $90.00 to $67.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Wells Fargo & Company dropped their target price on shares of Five9 from $65.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Finally, Morgan Stanley decreased their price target on Five9 from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.89.

Five9 Stock Performance

Shares of Five9 stock traded up $4.01 during trading hours on Friday, hitting $36.82. 6,455,404 shares of the company were exchanged, compared to its average volume of 1,483,559. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -51.14 and a beta of 0.85. The business has a 50-day moving average of $29.46 and a 200-day moving average of $39.39. Five9 has a 1 year low of $26.60 and a 1 year high of $92.40.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. As a group, analysts expect that Five9 will post -0.09 EPS for the current fiscal year.

Insider Activity

In related news, CFO Barry Zwarenstein sold 4,408 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares of the company's stock, valued at approximately $2,743,712.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock valued at $1,097,753 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

Hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in Five9 by 642.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 217,302 shares of the software maker's stock valued at $6,243,000 after acquiring an additional 188,043 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Five9 during the third quarter valued at approximately $1,716,000. Quest Partners LLC acquired a new position in shares of Five9 in the third quarter valued at $95,000. Natixis Advisors LLC bought a new position in Five9 in the third quarter worth $679,000. Finally, WCM Investment Management LLC boosted its stake in Five9 by 14.6% during the third quarter. WCM Investment Management LLC now owns 384,592 shares of the software maker's stock worth $11,057,000 after buying an additional 48,981 shares in the last quarter. Institutional investors own 96.64% of the company's stock.

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.