Five9 (NASDAQ:FIVN) PT Lowered to $80.00 at Wells Fargo & Company

Five9 (NASDAQ:FIVN) had its price objective cut by Wells Fargo & Company from $85.00 to $80.00 in a research report report published on Monday, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

FIVN has been the subject of several other reports. KeyCorp reduced their price target on Five9 from $93.00 to $86.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada began coverage on Five9 in a research note on Friday, March 15th. They issued an outperform rating and a $80.00 price target for the company. Needham & Company LLC restated a buy rating and issued a $90.00 price target on shares of Five9 in a research note on Thursday, June 6th. Barclays reduced their price target on Five9 from $105.00 to $95.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Finally, Canaccord Genuity Group reduced their price target on Five9 from $90.00 to $75.00 and set a buy rating for the company in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Five9 currently has an average rating of Moderate Buy and an average price target of $84.14.

Five9 Stock Down 0.3 %

FIVN stock opened at $43.77 on Monday. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $3.23 billion, a PE ratio of -51.49 and a beta of 0.81. Five9 has a 1-year low of $41.79 and a 1-year high of $92.40. The business’s 50 day simple moving average is $53.71 and its 200 day simple moving average is $65.62.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. The business had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. As a group, research analysts anticipate that Five9 will post -0.23 EPS for the current year.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,542 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the completion of the sale, the chief accounting officer now directly owns 38,267 shares in the company, valued at approximately $1,770,614.09. The sale was disclosed in a filing with the SEC, which is available through this link. In other Five9 news, COO Andy Dignan sold 5,731 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $265,345.30. Following the completion of the transaction, the chief operating officer now owns 124,172 shares of the company’s stock, valued at approximately $5,749,163.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,542 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total value of $71,348.34. Following the completion of the sale, the chief accounting officer now directly owns 38,267 shares of the company’s stock, valued at approximately $1,770,614.09. The disclosure for this sale can be found here. Insiders sold a total of 44,541 shares of company stock worth $2,024,537 in the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cota Capital Management LLC acquired a new stake in shares of Five9 in the first quarter valued at about $1,021,000. Kopp LeRoy C acquired a new stake in shares of Five9 in the first quarter valued at about $14,751,000. Cetera Advisors LLC acquired a new stake in shares of Five9 in the first quarter valued at about $226,000. Sylebra Capital LLC increased its stake in shares of Five9 by 1.5% in the first quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock valued at $145,779,000 after buying an additional 34,681 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in shares of Five9 in the first quarter valued at about $1,161,000. 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 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.