Five9, Inc. (NASDAQ:FIVN) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $56.76.

Several brokerages have issued reports on FIVN. Morgan Stanley upped their price target on shares of Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Rosenblatt Securities reissued a "buy" rating and issued a $58.00 price objective on shares of Five9 in a research report on Thursday, March 20th. Truist Financial reiterated a "buy" rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Cantor Fitzgerald lifted their price target on Five9 from $46.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $65.00 price objective on shares of Five9 in a research note on Wednesday, March 19th.

Five9 Stock Performance

Shares of FIVN stock traded up $0.38 during trading hours on Friday, hitting $27.46. The stock had a trading volume of 1,307,977 shares, compared to its average volume of 1,563,215. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a twelve month low of $26.20 and a twelve month high of $63.30. The stock's 50 day moving average is $35.81 and its 200 day moving average is $35.77. The firm has a market capitalization of $2.08 billion, a PE ratio of -137.29, a PEG ratio of 9.41 and a beta of 1.29.

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

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the transaction, the chief operating officer now owns 194,201 shares in the company, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,874 shares of company stock valued at $985,446. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Five9

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its holdings in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in Five9 in the fourth quarter valued at $47,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after acquiring an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after acquiring an additional 2,571 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.