Five9 (NASDAQ:FIVN) Given "Buy" Rating at Truist Financial

Five9 (NASDAQ:FIVN - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Truist Financial in a research note issued on Tuesday,Benzinga reports. They presently have a $65.00 target price on the software maker's stock. Truist Financial's price target suggests a potential upside of 52.12% from the company's current price.

Other research analysts have also recently issued research reports about the company. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Piper Sandler upped their price target on shares of Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Morgan Stanley reduced their price target on shares of Five9 from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Finally, Needham & Company LLC boosted their price objective on shares of Five9 from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.65.

Five9 Price Performance

Five9 stock traded up $0.12 during mid-day trading on Tuesday, reaching $42.73. 1,619,695 shares of the company were exchanged, compared to its average volume of 1,512,248. The firm has a market cap of $3.21 billion, a PE ratio of -86.24, a PEG ratio of 28.88 and a beta of 0.92. 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 company has a fifty day simple moving average of $35.80 and a 200-day simple moving average of $36.69. Five9 has a 12 month low of $26.60 and a 12 month high of $82.61.

Insider Activity at Five9

In other news, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the sale, the chief operating officer now owns 115,818 shares of the company's stock, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,346 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total value of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares of the company's stock, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 in the last quarter. 1.80% of the stock is owned by insiders.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Rhumbline Advisers lifted its position in shares of Five9 by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock worth $3,793,000 after purchasing an additional 673 shares during the period. Signaturefd LLC raised its stake in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after buying an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 in the second quarter valued at $57,000. Arizona State Retirement System boosted its position in Five9 by 8.9% during the second quarter. Arizona State Retirement System now owns 20,673 shares of the software maker's stock valued at $912,000 after acquiring an additional 1,693 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Five9 by 13.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker's stock worth $548,000 after acquiring an additional 2,254 shares during the period. 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.