Five9, Inc. (NASDAQ:FIVN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $58.18.
FIVN has been the topic of several research analyst reports. Rosenblatt Securities upped their price objective on shares of Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Robert W. Baird increased their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. DA Davidson lifted their price objective on shares of Five9 from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Wells Fargo & Company cut Five9 from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Needham & Company LLC lifted their price target on Five9 from $48.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, December 16th.
Check Out Our Latest Stock Analysis on FIVN
Insider Transactions at Five9
In related news, CEO Michael Burkland sold 12,594 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the transaction, the chief executive officer now directly owns 240,894 shares of the company's stock, valued at $9,973,011.60. This represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,004 shares of company stock worth $1,209,279. Company insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FIVN. Rhumbline Advisers raised its holdings in Five9 by 0.8% in the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock worth $3,793,000 after purchasing an additional 673 shares in the last quarter. Signaturefd LLC grew its position in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Five9 in the 2nd quarter worth about $57,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Five9 by 13.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker's stock worth $548,000 after acquiring an additional 2,254 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its position in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock valued at $132,000 after acquiring an additional 2,485 shares during the period. Institutional investors own 96.64% of the company's stock.
Five9 Price Performance
Shares of Five9 stock traded down $0.38 during trading on Tuesday, hitting $37.46. The stock had a trading volume of 662,531 shares, compared to its average volume of 902,354. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -74.92, a P/E/G ratio of 28.33 and a beta of 0.92. Five9 has a 12 month low of $26.60 and a 12 month high of $81.24. The business's 50-day moving average is $40.15 and its 200 day moving average is $36.46. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.
About Five9
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Get Free ReportFive9, 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.
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