Five9 (NASDAQ:FIVN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Five9 (NASDAQ:FIVN - Get Free Report) had its price target raised by analysts at Morgan Stanley from $40.00 to $46.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the software maker's stock. Morgan Stanley's price objective would indicate a potential upside of 11.54% from the stock's current price.

A number of other analysts have also issued reports on the stock. DA Davidson boosted their target price on shares of Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Truist Financial reiterated a "buy" rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday. Piper Sandler upped their target price on shares of Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Needham & Company LLC raised their target price on shares of Five9 from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Rosenblatt Securities boosted their price target on Five9 from $45.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.18.

Five9 Trading Down 3.5 %

Shares of FIVN traded down $1.49 during mid-day trading on Wednesday, reaching $41.24. 1,553,487 shares of the company's stock traded hands, compared to its average volume of 1,512,454. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock's 50-day moving average is $36.10 and its two-hundred day moving average is $36.66. Five9 has a 12 month low of $26.60 and a 12 month high of $81.72. The stock has a market cap of $3.10 billion, a P/E ratio of -82.48, a P/E/G ratio of 28.88 and a beta of 0.92.

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now owns 35,526 shares of the company's stock, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Burkland sold 12,594 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the transaction, the chief executive officer now owns 240,894 shares of the company's stock, valued at approximately $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,004 shares of company stock valued at $1,209,279 in the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Several institutional investors and hedge funds have recently modified their holdings of FIVN. FMR LLC raised its holdings in Five9 by 2.4% in the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker's stock worth $320,620,000 after purchasing an additional 259,820 shares during the period. Sylebra Capital LLC lifted its stake in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker's stock worth $132,908,000 after buying an additional 666,681 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock worth $47,919,000 after acquiring an additional 210,836 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker's stock valued at $57,307,000 after acquiring an additional 446,151 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock valued at $21,891,000 after acquiring an additional 98,543 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

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.