Five9 (NASDAQ:FIVN) Price Target Cut to $37.00 by Analysts at Morgan Stanley

Five9 (NASDAQ:FIVN - Free Report) had its price target cut by Morgan Stanley from $45.00 to $37.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the software maker's stock.

Several other equities research analysts also recently commented on FIVN. BTIG Research dropped their price objective on shares of Five9 from $100.00 to $45.00 and set a buy rating on the stock in a report on Friday, August 9th. Wells Fargo & Company dropped their price objective on shares of Five9 from $80.00 to $65.00 and set an overweight rating on the stock in a report on Friday, August 9th. Northland Securities dropped their price objective on shares of Five9 from $95.00 to $50.00 and set an outperform rating on the stock in a report on Friday, August 9th. Baird R W downgraded shares of Five9 from a strong-buy rating to a hold rating in a report on Friday, August 9th. Finally, Bank of America raised shares of Five9 from an underperform rating to a buy rating and set a $63.00 price objective on the stock in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $62.59.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $0.20 during midday trading on Tuesday, reaching $30.41. The company had a trading volume of 1,286,614 shares, compared to its average volume of 1,457,016. The company's 50 day moving average price is $30.83 and its 200 day moving average price is $42.95. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.25 billion, a P/E ratio of -35.46 and a beta of 0.85. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40.

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

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,395 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,130 shares of company stock worth $1,212,594. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIVN. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Five9 in the second quarter worth approximately $57,000. Quent Capital LLC lifted its stake in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock worth $193,000 after acquiring an additional 352 shares during the period. Cetera Advisors LLC purchased a new stake in Five9 in the first quarter worth $226,000. ProShare Advisors LLC purchased a new stake in Five9 in the first quarter worth $247,000. Finally, Edgestream Partners L.P. purchased a new stake in Five9 in the first quarter worth $264,000. Institutional investors 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.