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

Shares of Five9, Inc. (NASDAQ:FIVN - Get Free Report) have earned an average rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $57.65.

FIVN has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Friday, February 21st. DA Davidson upped their target price on Five9 from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Piper Sandler raised their target price on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Wells Fargo & Company cut Five9 from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Rosenblatt Securities raised their price objective on Five9 from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, February 21st.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Leena Mansharamani sold 1,517 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the transaction, the chief accounting officer now directly owns 48,300 shares of the company's stock, valued at $1,605,009. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,039 shares of company stock worth $930,029 in the last three months. Insiders own 1.80% of the company's stock.

Remove Ads

Institutional Investors Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its holdings in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA bought a new position in Five9 in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new position in Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its stake in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after purchasing an additional 2,571 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

Five9 Trading Down 1.2 %

Shares of FIVN stock traded down $0.41 during trading hours on Wednesday, reaching $32.48. The company's stock had a trading volume of 1,695,150 shares, compared to its average volume of 1,650,906. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a one year low of $26.60 and a one year high of $63.79. The stock has a market capitalization of $2.46 billion, a P/E ratio of -162.39, a P/E/G ratio of 9.41 and a beta of 0.93. The firm's fifty day simple moving average is $39.31 and its 200 day simple moving average is $35.95.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Equities research analysts expect that Five9 will post 0.28 EPS for the current 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.