Brokerages Set Five9, Inc. (NASDAQ:FIVN) PT at $58.18

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $58.18.

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Needham & Company LLC boosted their target price on shares of Five9 from $48.00 to $52.00 and gave the company a "buy" rating in a report on Monday. Piper Sandler raised their price target on shares of Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Truist Financial reiterated a "buy" rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday. Finally, Wells Fargo & Company lowered Five9 from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now owns 69,009 shares in the company, valued at $2,904,588.81. This represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were 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 directly owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 over the last three months. Company insiders own 1.80% of the company's stock.

Institutional Trading of Five9

A number of large investors have recently made changes to their positions in FIVN. 272 Capital LP lifted its stake in Five9 by 3.3% in the third quarter. 272 Capital LP now owns 297,880 shares of the software maker's stock worth $8,558,000 after acquiring an additional 9,389 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Five9 in the 3rd quarter valued at $4,597,000. Synovus Financial Corp lifted its position in shares of Five9 by 34.2% during the 3rd quarter. Synovus Financial Corp now owns 13,272 shares of the software maker's stock worth $381,000 after purchasing an additional 3,385 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Five9 during the third quarter worth $4,154,000. Finally, Sanctuary Advisors LLC purchased a new position in Five9 in the third quarter valued at $145,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Trading Up 2.8 %

NASDAQ FIVN traded up $1.15 on Friday, reaching $42.63. 1,706,167 shares of the company were exchanged, compared to its average volume of 1,513,915. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The business's fifty day moving average price is $36.59 and its 200 day moving average price is $36.72. The stock has a market capitalization of $3.21 billion, a P/E ratio of -85.26, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $81.72.

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.