Five9, Inc. (NASDAQ:FIVN) Given Average Recommendation of "Moderate Buy" by Brokerages

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $51.47.

FIVN has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Barclays increased their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $65.00 target price on shares of Five9 in a research report on Wednesday, March 19th. Mizuho lowered their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at $1,424,383. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock valued at $1,004,346 over the last quarter. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five9

Several large investors have recently added to or reduced their stakes in FIVN. PNC Financial Services Group Inc. boosted its position in Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock valued at $156,000 after buying an additional 365 shares during the period. Arizona State Retirement System increased its stake in shares of Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock worth $882,000 after buying an additional 424 shares during the period. Lindbrook Capital LLC raised its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares in the last quarter. Xponance Inc. lifted its stake in Five9 by 6.1% in the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock worth $383,000 after acquiring an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Five9 by 1.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock worth $1,325,000 after acquiring an additional 590 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Performance

NASDAQ FIVN traded up $0.43 on Thursday, reaching $25.06. 1,302,169 shares of the company's stock traded hands, compared to its average volume of 1,621,366. The stock has a 50 day moving average price of $29.06 and a 200-day moving average price of $35.05. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -125.29, a P/E/G ratio of 9.41 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9 has a fifty-two week low of $21.04 and a fifty-two week high of $60.76.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. Equities research analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

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.