Robert W. Baird Forecasts Strong Price Appreciation for Five9 (NASDAQ:FIVN) Stock

Five9 (NASDAQ:FIVN - Free Report) had its price target lifted by Robert W. Baird from $40.00 to $43.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the software maker's stock.

A number of other analysts also recently commented on FIVN. Roth Mkm dropped their price objective on Five9 from $90.00 to $67.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Piper Sandler lifted their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays cut their target price on shares of Five9 from $75.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. DA Davidson lifted their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, StockNews.com upgraded Five9 from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and an average target price of $60.06.

Five9 Stock Performance

Shares of NASDAQ FIVN traded up $2.85 during midday trading on Monday, reaching $39.67. 4,683,406 shares of the company traded hands, compared to its average volume of 1,498,248. The stock has a 50-day moving average price of $29.46 and a 200 day moving average price of $39.09. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -78.58 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. Five9 has a 52 week low of $26.60 and a 52 week high of $92.40.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 3.66% and a negative return on equity of 1.57%. The business had revenue of $252.09 million during the quarter, compared to analysts' expectations of $244.54 million. Sell-side analysts anticipate that Five9 will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Daniel P. Burkland sold 2,605 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the sale, the executive now owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CRO Daniel P. Burkland sold 2,605 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.41, for a total transaction of $87,033.05. Following the transaction, the executive now directly owns 132,554 shares in the company, valued at $4,428,629.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares of the company's stock, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock valued at $1,097,753 in the last three months. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently bought and sold shares of FIVN. Sylebra Capital LLC boosted its position in shares of Five9 by 28.4% during the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker's stock valued at $132,908,000 after acquiring an additional 666,681 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker's stock valued at $33,213,000 after purchasing an additional 584,800 shares during the period. Van Berkom & Associates Inc. raised its holdings in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker's stock worth $57,307,000 after buying an additional 446,151 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker's stock worth $64,257,000 after buying an additional 406,188 shares in the last quarter. Finally, 272 Capital LP bought a new position in shares of Five9 during the 2nd quarter worth approximately $12,722,000. 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.