Five9, Inc. (NASDAQ:FIVN) Receives $62.00 Average PT from Analysts

Five9, Inc. (NASDAQ:FIVN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $62.00.

Several research analysts have issued reports on FIVN shares. BTIG Research dropped their target price on Five9 from $100.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Rosenblatt Securities dropped their target price on Five9 from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Northland Securities dropped their target price on Five9 from $95.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. StockNews.com upgraded Five9 from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $47.00 price target on shares of Five9 in a research note on Wednesday, August 21st.

Five9 Trading Down 0.3 %

FIVN traded down $0.08 on Thursday, hitting $29.53. The company had a trading volume of 1,012,866 shares, compared to its average volume of 1,451,309. The company has a market cap of $2.18 billion, a PE ratio of -34.74 and a beta of 0.85. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The business's fifty day simple moving average is $29.64 and its 200 day simple moving average is $40.51.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. Equities research analysts expect that Five9 will post -0.09 EPS for the current year.

Insider Buying and Selling

In other news, CAO Leena Mansharamani sold 1,395 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares of the company's stock, valued at approximately $1,124,964.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Leena Mansharamani sold 1,395 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares of the company's stock, valued at approximately $1,124,964.72. This represents a 0.00 % 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, CRO Daniel P. Burkland sold 2,605 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $33.41, for a total value of $87,033.05. Following the transaction, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock valued at $1,097,753 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Five9

Large investors have recently made changes to their positions in the business. Quent Capital LLC grew its holdings in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock valued at $193,000 after buying an additional 352 shares during the last quarter. BOKF NA grew its holdings in shares of Five9 by 1.7% during the first quarter. BOKF NA now owns 39,846 shares of the software maker's stock valued at $2,445,000 after buying an additional 657 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Five9 by 0.8% during the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock valued at $3,793,000 after buying an additional 673 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Five9 by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker's stock valued at $4,751,000 after buying an additional 745 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Five9 by 1,892.3% during the third 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. 96.64% of the stock is owned by institutional investors and hedge funds.

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.