Five9, Inc. (NASDAQ:FIVN) Receives $82.71 Average PT from Analysts

Shares of Five9, Inc. (NASDAQ:FIVN) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $82.71.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reduced their price objective on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Morgan Stanley lowered their price objective on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, June 14th. UBS Group cut their target price on shares of Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Five9 in a research report on Thursday, June 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 price objective on shares of Five9 in a research report on Friday, May 3rd.

Insiders Place Their Bets

In other news, COO Andy Dignan sold 5,731 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Andy Dignan sold 5,731 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $265,345.30. Following the completion of the sale, the chief operating officer now directly owns 124,172 shares of the company’s stock, valued at approximately $5,749,163.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total value of $438,808.24. Following the completion of the transaction, the chief financial officer now directly owns 107,255 shares in the company, valued at $4,573,353.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,541 shares of company stock valued at $2,024,537. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the company. Cota Capital Management LLC purchased a new position in Five9 in the first quarter valued at approximately $1,021,000. Kopp LeRoy C purchased a new position in shares of Five9 in the 1st quarter valued at $14,751,000. Cetera Advisors LLC acquired a new position in shares of Five9 during the 1st quarter valued at $226,000. Sylebra Capital LLC boosted its position in Five9 by 1.5% during the 1st quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock worth $145,779,000 after purchasing an additional 34,681 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Five9 in the 1st quarter valued at $1,161,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $43.13 on Friday. The company’s fifty day moving average is $48.81 and its two-hundred day moving average is $61.80. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The firm has a market capitalization of $3.19 billion, a P/E ratio of -50.74 and a beta of 0.82. Five9 has a one year low of $39.07 and a one year high of $92.40.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Analysts forecast that Five9 will post -0.3 EPS for the current fiscal year.

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.