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

Shares of Five9, Inc. (NASDAQ:FIVN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $57.50.

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted 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. Cantor Fitzgerald started coverage on shares of Five9 in a research note on Friday, January 17th. They set an "overweight" rating and a $46.00 price objective for the company. Truist Financial reissued a "buy" rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Robert W. Baird boosted their price objective on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Finally, DA Davidson raised their target price on Five9 from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th.

Five9 Price Performance

Shares of Five9 stock traded down $0.35 during trading hours on Friday, reaching $40.65. The company's stock had a trading volume of 621,982 shares, compared to its average volume of 1,135,037. The stock has a market cap of $3.06 billion, a P/E ratio of -81.30, a P/E/G ratio of 9.48 and a beta of 0.93. The firm has a 50 day moving average price of $40.75 and a 200-day moving average price of $35.95. Five9 has a one year low of $26.60 and a one year high of $79.43. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Insider Buying and Selling at Five9

In other news, CAO Leena Mansharamani sold 1,346 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares of the company's stock, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value 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. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock valued at $30,000 after buying an additional 984 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position 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 worth $54,000 after purchasing an additional 1,315 shares during the period. Quest Partners LLC bought a new stake in shares of Five9 in the 3rd quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC boosted its position in 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 period. Institutional investors and hedge funds own 96.64% of the company's stock.

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.