Five9 (NASDAQ:FIVN - Get Free Report) had its target price cut by Wells Fargo & Company from $45.00 to $23.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the software maker's stock. Wells Fargo & Company's price objective points to a potential downside of 8.22% from the company's current price.
Other equities research analysts have also issued research reports about the stock. Piper Sandler lifted their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and set a $65.00 price objective on shares of Five9 in a report on Wednesday, March 19th. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Needham & Company LLC reiterated a "buy" rating and set a $52.00 price target on shares of Five9 in a report on Friday, April 4th. Finally, William Blair restated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.47.
Read Our Latest Report on Five9
Five9 Stock Up 1.7 %
Shares of NASDAQ FIVN traded up $0.43 during mid-day trading on Tuesday, reaching $25.06. The company had a trading volume of 1,302,169 shares, compared to its average volume of 1,619,056. 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 twelve month low of $21.04 and a twelve month high of $60.76. The stock's 50 day moving average is $29.06 and its 200-day moving average is $35.00. The stock has a market capitalization of $1.90 billion, a PE ratio of -125.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.
Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share 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 analysts' expectations 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, equities analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock valued at $1,004,346 over the last quarter. Corporate insiders own 1.60% of the company's stock.
Institutional Trading of Five9
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Five9 during the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 in the 4th quarter worth $47,000. Steward Partners Investment Advisory LLC grew its stake 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 worth $54,000 after purchasing an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in Five9 by 3,955.4% in the fourth 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. 96.64% of the stock is currently owned by institutional investors and hedge funds.
About Five9
(
Get Free Report)
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.
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