Mizuho Lowers Five9 (NASDAQ:FIVN) Price Target to $42.00

Five9 (NASDAQ:FIVN - Get Free Report) had its target price reduced by equities research analysts at Mizuho from $55.00 to $42.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the software maker's stock. Mizuho's target price points to a potential upside of 88.17% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. Piper Sandler boosted their price target on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Rosenblatt Securities reissued a "buy" rating and issued a $58.00 price target on shares of Five9 in a research note on Friday, April 4th. Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Finally, Truist Financial reiterated a "buy" rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Five9 has an average rating of "Moderate Buy" and an average target price of $54.94.

Five9 Stock Performance

NASDAQ:FIVN traded down $0.30 during trading hours on Tuesday, reaching $22.32. The company had a trading volume of 1,096,790 shares, compared to its average volume of 1,604,574. The business's 50 day moving average price is $31.20 and its 200-day moving average price is $35.22. The firm has a market cap of $1.69 billion, a PE ratio of -111.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9 has a 1-year low of $21.04 and a 1-year high of $60.81. 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 (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 analysts' consensus estimates of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Research analysts forecast that Five9 will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 2,840 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value 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. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 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 sale, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35 % 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 in the last ninety days. Insiders own 1.80% of the company's stock.

Institutional Trading of Five9

A number of large investors have recently made changes to their positions in FIVN. Lindbrook Capital LLC boosted its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Five9 during the 4th quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new position in Five9 during the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Five9 by 7,305.6% in the fourth 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 in the last quarter. Finally, Venturi Wealth Management LLC increased its stake 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 worth $107,000 after purchasing an additional 2,571 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.